1) how much is the total free assets??

Lily Corp is insolvent and its statement of affairs show: Estimated gain on realization of assets, P2,000,000; Estimated loss on realization of assets, P2,560,000; Additional assets, P1,200,000; Additional liabilities, P960,000; Ordinary shares, P12,000,000; Deficit, P11,200,000. The pro-rata payment to stockholders on the peso is?Below is the Statement of Realization and Liquidation has the following balances: Assets to be realized P60.000 Liabilities assumed P50,000 Assets acquired 40.000 Liabilities not liquidated 65.000 Assets realized 55,000 Liabilities to be liquidated 80,000 Supplementary credits 110,000 Retained earnings decreased by P12,000. The ending balance of Capital Stock and Retained Earnings are P100,000 and (P85,000), respectively.The following data were taken from the statement of affairs of BABAGSAK CORP: Shareholder's equity P441,000 Accounts payable P367,500 Salaries payable 50,000 Taxes payable 72,500 Bonds payable (unsecured 735,000 Trustees expenses 55, 125 Loss on asset realization 551,250