Deficiency to Unsecured Creditors Consider the following information for Evans, Inc. when the company entered bankruptcy proceedings: Balance per Books Account Dr (Cr) Cash $30,500 Accounts receivable 600,000 Inventory 100,000 Prepaid expenses 14,200 Buildings, net 800,000 Equipment, net 125,000 Goodwill 100,000 Wages payable (80,000) Taxes payable (45,000) Accounts payable (980,000) Notes payable (305,000) Common stock (800,000) Retained earnings-deficit Total 440,300 $0 Inventory with a book value of $240,000 and realizable value of $35,000 is security for notes payable of $50,000. The equipment secures the remaining notes payable. Expected realizable values of the assets are: Accounts receivable $400,000 Inventory Buildings Equipment 150,000 340,000 75,000 The prepaid expenses and goodwill have a realizable value of zero. The entire wages payable balance is a priority liability. Required Compute the estimated deficiency to unsecured creditors.