Veltri Incorporated has the following assets and liabilities (assets are stated at net realizable value):
Assets pledged with secured creditors: $80,000
Assets pledged with partially secured creditors: $70,000
Other assets: $180,000
Secured liabilities: $40,000
Partially secured liabilities: $95,000
Liabilities with priority: $55,000
Unsecured liabilities: $225,000
In a liquidation, what is the amount of free assets after payment of liabilities with priority?
Multiple Choice
O $180,000
O $165,000
O $70,000
O $95,000
O $160,000
