PROBLEM The following data were taken from the Statement of Affairs of ABC Company: P175,000 90,000 Assets pledged for fully secured liabilities Assets pledged for partially secured liabilities Free...

Extracted text: PROBLEM The following data were taken from the Statement of Affairs of ABC Company: P175,000 90,000 Assets pledged for fully secured liabilities Assets pledged for partially secured liabilities Free assets Fully secured liabilities Partially secured liabilities Unsecured liabilities without priority Unsecured liabilities with priority 54,000 100,000 110,000 90,000 12,000 REQUIREMENT: How much is the ESTIMATED RECOVERY FOR UNSECURED LIABILITIES WITHOUT PRIORIT Presentation of solution is required.