Exercise 9 (LO 5) Statement of realization and liquidation, dividend to unse- cured creditors without priority. A partially completed statement of realization and liquidation is as follows: The Rodak Corporation Statement of Realization and Liquidation For Period July to August 12 of the current year Liabilities Assets Unsecured Fully Partially With Without Owners' Cash Noncash Secured Secured Priority Priority Equity Beginning balances, assigned July lof the current $12,000 $590,000 $200,000 $175,000 $54,000 $150,000 $23,000 year Cash receipts: Sale of inventory 30,000 (25,000) 5,000 The following additional transactions have occurred through August 12 of the current year: a. Receivables collected amounted to $39,000. Receivables with a book value of $15,000 that were not allowed for were written off b. A$12,000 loan that was fully secured was paid off