9.

Borden Corporation is undergoing Chapter 7 liquidation . Currently it has cash of $ 130,000 , inventory with a carrying value of $ 650,000 and equipment with a carrying value of $ 775,000 . It owes $ 2,100,000 to unsecured creditors . During the current month , the trustee sells Borden's entire inventory for $ 290,000 , sells equipment with a carrying value of $ 100,000 for $ 120,000 , accrues and pays administrative expenses of $ 5,000 , and pays creditors $ 400,000

On the statement of estate equity at the end of the month , the estate equity balance is

Select one :

a . $ ( 890,000 )

B. $ ( 1,290,000 )

C. $ ( 930,000 )

d . 905,000 )