Use the Following Information for Questions Bellow
Givingup Company Is

Use the following information for Questions bellow
Givingup Company is entering bankruptcy under Chapter 7 of the bankruptcy laws. The following information is available:
$$\begin{array} { l r } \text { Realizable value of assets pledg ed to fully-secured creditors } & \$ 600,000 \\\text { Realizable value of assets pledged to partially-secured creditors } & 350,000 \\\text { Realizable value of unsecured assets } & 282,500 \\\text { Liabilities, fully secured } & 500,000 \\\text { Liabilities, partially secured } & 900,000 \\\text { Liabilities, unsecured with priority } & 50,000 \\\text { Liabilities, unsecured } & 400,000\end{array}$$
-Givingup's statement of affairs reports total unsecured liabilities, excluding those with priority, of:

A) $ 550,000
B) $ 950,000
C) $ 450,000
D) $1,300,000