Justin Corporation filed a petition under Chapter 7 of the bankruptcy act in January 2011. On March 15, 2011, the trustee provided the following information about the corporation's financial affairs.

REQUIRED1. Determine the amount expected to be available for unsecured claims.2. Determine the expected recovery per dollar of unsecured claims.3. Estimate the amount of recovery for each class ofcreditors.

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Estimated Book Realizable Values Values Assets $ 20,000 100,000 $ 20,000 Cash Accounts receivable-net 75,000 Inventories 150,000 250,000 70,000 280.000 Plant assets-net $520,000 Total assets Liabilities Liability for priority claims Accounts payable-unsecured Note payable, secured by accounts receivable $ 80.000 150,000 100,000 Mortgage payable, Secured by all plant assets Total liabilities 220,000 $550.000