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Data from the October 30, 2019, statement of affair of Grate co undergoing bankruptcy liquidation, included the following: ment of affair of Grate Company, which

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Data from the October 30, 2019, statement of affair of Grate co undergoing bankruptcy liquidation, included the following: ment of affair of Grate Company, which was $100,000 60,000 90,000 Assets pledged for fully secured liabilities Assets pledged for partially secured liabilities Free assets Fully secured liabilities Partially secured liabilities Unsecured liabilities with priority Unsecured liabilities without priority 90,000 80,000 50,000 80,000 Prepare a working paper to show how Grate Company's assets on October 30, 2019, are expected to be apportioned to Grate creditor's claims on that date. Part III (30 pts.) Items displayed in the June 30, 2019, statement of affairs for Curley Company, which is undergoing bankruptcy liquidation, included the following: Assets pledged for fully secured liabilities $190,000 Unsecured liabilities with priority 30,810 Free assets 146,330 Unsecured liabilities without priority 182,500 Fully secured liabilities 183,600 Assets pledged for partially secured liabilities 46,600 Partially secured liabilities 54,600 Prepare a working paper to show how Curley Company's assets on June 30, 2019, are expected to be apportioned to Curley Company creditor's claims on that date

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