1. Givingup Company is entering bankruptcy under Chapter 7 of the bankruptcy laws. The following information is available: Realizable value of assets pledged to fully-secured creditors $600,000 Realizable value of assets pledged to partially-secured creditors 350,000 Realizable value of unsecured assets 282,500 Liabilities, fully secured 500,000 Liabilities, partially secured 900,000 Liabilities, unsecured with priority 50,000 Liabilities, unsecured 400,000 2. Givingup's statement of affairs reports an estimated deficiency to unsecured creditors of: A. $400,000 B. $617,500 C. $332,500 D. $500,000