P18-4 Statement of affairs, claims for each class Pop Inc. filed for Chapter 7 bankruptcy on August 1, 2014, and reported the following (in thousands):

Book Value Estimated Net Realizable Values Cash and equivalents $250 $250 Accounts receivable 150 125 Inventories 200 100 Land 300 275 Buildings—net 275 150 Equipment—net 200 50

$1,375 $950 Accounts payable $200 Wages payable 150 Bonds payable—secured by fixed assets 500 Interest payable 125 Common stock 550 Retained earnings (150)

$1,375 ADDITIONAL INFORMATION Administrative fees are paid at $250 and estimated realizable value is realized.

REQuIRED 1. Prepare the statement of affairs.

2. Estimate the amount of claims to be paid for each class.