ABC Corporation is experiencing difficulty in paying its bills and is considering filing for bankruptcy. Current data show: Assets Cash Accounts Receivable Inventory - Materials Inventory - Finished Goods Prepaid Expenses Land Building Trucks Equipment Intangibles Total Assets SAPIEN SAINT LOU P 4,000 40,000 36,000 50,000 1,000 10,000 70,000 20,000 45,000 16,000 Compute for the Net Free Assets Wages Payable Taxes Payableng with inwalida Truck Loan Mortgage Payable Loan Payable Shareholder Loan Shareholders' Equity Total Liabilities and Equity NIVERS! Est. Realizable Value Liabilities Accounts Payabled from p 77,000ndbook Code of Ethics 24 Bank Loan Cheating during with any academic w 43,000 50,000 P 4,000 20,000 27,000 55,000 0 42,000 60,000 6,000 25,000 0 25,000 12,000 of the same 11 violatio 8,000 5,000 to dismissal/ non reag 110,000 (38,000) P292,000 LEDIFIC Secured by: with Truck with P12,000 BV & P3,500 ERV Land and Building Finished Goods Not subordinated to other debt 80% of receivables