On June 1, 2018, Bland Corporation prepared a statement of financial position just prior to going out of business. The totals for the three main components showed the following:Assets?(no?cash)..........$90,000Liabilities.......................50,000Shareholders' equity.....40,000Shortly thereafter,?all?of the assets were?sold for?cash.

Required: 1. How would the statement of financial position appear immediately after the sale of the assets for cash for each of the following cases? Use the format given here.

2. How should the cash be distributed in each separate case?

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Balances Immediately after Sale Cash Received Shareholders' Equity for the Assets Assets Liabilities $ 90,000 2$ 2$ $ Case A 2$ 2$ 2$ Case B 80,000 2$ 2$ Case C 100,000 Case D 2$ 2$ 35,000 Total To Creditors To Shareholders Case A 2$ 2$ Case B 2$ 2$ Case C 2$ Case D 2$ 2$ %24