Assume that Clinton Company acquires $2,800 cash from creditors and $3,200 cash from investors.

Required

b.	If Clinton has net income of $2,800 and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?

c.	If Clinton has a net loss of $2,800 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?

d.	If Clinton has a net loss of $3,900 cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?