On October 1, 2007, Laura Lender loaned ABC Construction $100,000, and in return Laura received a security interest in ABC’s equipment (estimated to be worth $80,000). The contract specified that interest accrues at a rate of 12% after default. On November 1, 2007, ABC Construction defaulted on the loan.

Following the default, on December 1, 2007, ABC Construction filed for Chapter 11 bankruptcy. Which statement correctly reflects the amount of Laura Lender’s claim in the ABC Construction bankruptcy?

a. Laura Lender has a secured claim of $102,000 plus any pendency interest unpaid.

b. Laura Lender has a secured claim of $100,000, but no claim for pendency interest.

c. Laura Lender has a secured claim for $80,000, but no claim for pendency interest.

d. Laura Lender has a secured claim for $80,000 and an unsecured claim of $22,000, with no claim for pendency interest.