$10-33$ Preferences as to Assets

The following are account balances of Reliable Autos, Inc. $($$ in thousands$)$: Common Stock and

Retained Earnings, $$350$; Accounts Payable, $$350$; Preferred Stock $(5,000$ shares; $$20$ par and

$$24$ liquidating value per share$),$ $$100$; Subordinated Debentures, $$250$; and Unsubordinated

Debentures, $$150.$ Prepare a table showing the distribution of the cash proceeds on liquidation

and dissolution of the corporation under varying assumptions. Assume cash proceeds of the

following $($ $ in thousands$)$: $$1,400,$$$1,100,$$$750,$$$550,$$$400,$ and $$200,$ respectively.