Antelum Company owes $80,200 on a note payable that is currently due. The note is held by a local bank and is secured by a mortgage lien attached to three acres of land worth $50,200. The land originally cost Antelum $33,200 when acquired several years ago. The only other account balances for this company are Investments of $22,000 (but worth $27,000). Accounts Payable of $21,000, Common Stock of $42,900, and a deficit of $91,400. Antelum is insolvent and attempting to arrange a bankruptcy reorganization so the business can continue to operate and the employees can retain their jobs. The reorganization value of the company is $82,000. View each of the following as an independent situation a. On a statement of financial affairs, how would this note be reported? How would the land be shown? b. Assume that Antelum develops an acceptable reorganization plan. Sixty percent of the common stock is transferred to the bank to settle that particular obligation A7 percent, three-year note payable for $5,190 is used to settle the accounts payable. How would Antelum record the reorganization? c. Assume that Antelum is liquidated. The land and investments are sold for $52,200 and $28,000, respectively. Administrative expenses amount to $11.800. How much will the various parties collect