At the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the balance sheet (in thousands of dollars)The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation under Chapter 7. Sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, were expected to bring in 80% of their book value. the current assets were expected to sell for 65% of their book value. Trustees costs totaled $50,000; no single worker was due more than $2,000 in wages and there were no unfunded pension plan liabilities

a. After the assets are liquidated, what is the total dollar amount available for distribution to all claimants?

b. What is the total of all creditor and trustee claims?

c. Will the common stockholders receive any distributions from the liquidation of the assets? Why or why not?