A company enters Chapter $7$ bankruptcy proceedings. Its balance sheet, prepared using GAAP for a company with continuing operations, is as follows:

Cash $ $15,000$ Accounts payable $ $90,000$

Inventories $100,000$ Loans payable $300,000$

Plant and equipment, net $250,000$ Estate equity $($deficit$)(25,000)$

Total $$365,000$ Total $$365,000$

The plant and equipment is security for one of the loans, with a balance of $$130,000.$ The other liabilities are unsecured. The following transactions occur:

Inventories with a book value of $$60,000$ were sold for $$40,000.$

The plant and equipment was sold for $$200,000.$ The loan secured by the plant and equipment was paid.

Wages and administrative expenses of $$10,000$ were accrued.

An initial payment of $40$ cents per dollar of indebtedness was paid to the unsecured creditors.

On the trustee$$s statement of estate equity, the change in estate equity is:

Select one:

a$.$ $$(60,000)$

b$.$ $$(80,000)$

c$.$ $$(70,000)$

d$.$ $$(10,000)$