Cullumber Inc. was a small company started by four entrepreneurs a few years ago. They each initially invested $300,000 and sold $1.7 million in preferred shares to a wealthy private investor. The company did not earn much profit from its operations but was able to pay the promised annual dividend of $145,000 on the preferred shares. The company did successfully develop several patents, some of which it sold and some it still holds. The four founding shareholders are planning to sell the remaining patents and all other assets and wind up the company to allow them to move on to other ventures. A summary of the company's statement of financial position is as follows