Computational : 7-31

Est. Realizable Available for

Assets Value unsecured creditors
Pledged with fully secured creditors
Inventory 150,000.00
Less: AP 130,000.00 20,000.00

Land 260,000.00
Less: Mortgage payable 180,000.00
Accrued interest 12,000.00 68,000.00
Pledged with partially secured creditors
Inventory 200,000.00
Receivables 360,000.00
Equipment 300,000.00
Total 860,000.00 -
Free Assets:
Cash 60,000.00
Equipment 60,000.00
Other assets 45,000.00 165,000.00
Total free assets 253,000.00
Less: Liabilities with priority 10,000.00
Net free assets 243,000.00
Est. Deficiency 161,000.00
404,000.00

Secured and Unsecured

Liabilities and Stockholder's Equity Priority claims nonpriority liabilities

Liabilities with priority 10,000.00 -

Fully secured creditors
AP 130,000.00
Mortgage payable 180,000.00
Accrued interest 12,000.00
Total 322,000.00 -
Partially secured creditors
Note A 600,000.00
Less: Receivables and Inventory 560,000.00 40,000.00
Note B 500,000.00
Less: Equipment 300,000.00 200,000.00
Unsecured creditors
AP 150,000.00
Other Liabilities 14,000.00 164,000.00
404,000.00
Computational : 7-30

Assets
Assets to be realized 330,000.00 Assets Realized 420,000.00
Assets acquired 360,000.00 Assets not realized 150,000.00
Liabilities
Liab liquidated 360,000.00 Liab to be liquidated 540,000.00
Liab not liquidated 450,000.00 Liab incurred 180,000.00
Income or loss and supplementary items
Supplementary charges 468,000.00 Supplementary credits 510,000.00
Net Loss 168,000.00
1,968,000.00 1,968,000.00

600,000.00
90,000.00
468,000.00
Cash
630000
420000 360,000.00
468,000.00
1050000 828,000.00
222000
Computational : 7-30

Fully secured
PPE 560000
Mortgage -440000 120000
Partially
AR 150000 0
Free
Cash 40000
Inventory 140000
Total Free 300000
Liab with priority -160000
Net Free 140000

300000
50000
350000
Computational : 7-26

60,000.00
12,000.00
38,000.00
96,000.00