Ball Company is facing bankruptcy proceedings. A balance sheet dated June 30, 2020, and other information are presented below:

Required:
Prepare a statement of affairs and determine the estimated settlement per dollar for general unsecured creditors. (Assume that all accrued wages are priority items.)

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Ball Company Balance Sheet June 30, 2020 Cash Accounts Receivable (net) Inventory Property and Equipment (net) Total Assets Accounts Payable Accrued Wages Notes Payable Common Stock Retained Earnings (deficit) Total Equities Estimated realizable values of the company's assets are: Accounts Receivable Inventory Property and Equipment $ 20,400 170,000 180,000 430,000 $800,400 $350,000 120,000 200,000 400,000 (269,600) $800,400 $ 95,000 110,000 320,000