Circle-Square Limited is in the process of liquidating and going out of business. The firms balance sheet shows $21,950 in cash, accounts receivable of $112,600, inventory totaling $61,600, plant and equipment of $254,000, and total liabilities of $303,500. It is estimated that the inventory can be disposed of in a liquidation sale for 90 percent of its cost, all but 10 percent of the accounts receivable can be collected, and plant and equipment can be sold for $181,864.

Required: Calculate the amount of cash that would be available to the owners if the accounts receivable are collected, the other assets are sold as described, and the liabilities are paid off in full. Indicate the financial statement effect