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Inho Corporation has fully secured liabilities of $300,000 and unsecured liabilities of $1,500,000, of which $250,000 have legal priority.

Inho Corporation has fully secured liabilities of $300,000 and unsecured liabilities of $1,500,000, of which $250,000 have legal priority. Inho's assets are expected to realize $1,000,000; of these, $420,000 is pledged to the fully-secured creditors.

Inho's net free assets amount to

A $1,000,000.

B $ 700,000.

C $ 580,000.

D $ 450,000.

The estimated deficiency to Inho's unsecured creditors is

A $800,000.

B$700,000.

C$500,000.

D $450,000.

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