Calculate cash available upon liquidation of business Circle-Square, Ltd., is in the process of liquidating and going out of business. The firm's balance sheet shows $22,800 in cash, accounts receivable of $114,200, inventory totaling $61,400, plant and equipment of $265,000, and total liabilities of $305,600. It is estimated that the inventory can be disposed of in a liquidation sale for 80% of its cost, all but 5% of the accounts receivable can be collected, and plant and equipment can be sold for $190,000.

Required:
Calculate the amount of cash that would be available to the owners ifthe accounts receivable are collected, the other assets are sold as described, and the habilities are paid off in full.