how to prepare the statement of affairs?

ABC CORPORATION currency STATEMENT OF FINANCIAL POSITION As of December 31, 2020 ASSETS LIABILITIES AND EQUITY Current assets: Current Liabilities: 10.000 Cash Accrued Expenses 221,000 220,000 Accounts Receive 154,090 Current Tax Payable 350,000 100,000 Notes Receivable Accounts Payable 1,000,000 530,000 Inventory 1,571,000 10,000 Prepaid assets Non-current liabilities: 300,000 Notes Payable (secured by Equ 300,000 Non-current assets: Loan Payable [ secured by Lan 2,000,000 500.000 Land 2.300,000 2,000,000 Building.net Capital Deficiency 300,000 Equipment, net 200,900 Share Cpaital 500,000 2,800,000 Retained Earnings (deficit) 671,000 171,000 3.700,000_TOTAL ASSETS TOTAL LIABILITIES and EQUITY 3.700.000 Additional information; 22 The following information was determined before the commencement of the liquidation process: 23 1. Only 76% of the accounts receivable is collectible. 24 2. The notes receivable is fully collectible. An accrued interest receivable of P10,000 25 was not yet recorded. 21 3. The inventory has an estimated selling price of P420,000 and estimated costs to sell of P10,000 4. The prepaid assets are non-refundable. 5. The land and building have fair values of P2,000,000 and P800,000, respectively. However. ABC CO. expects to sell both the land and building for a total selling price of P2,600,000. Cost to sell I land and building are negligible as the prospective buyer agrees to shoulder all necessary costs of transferring title of the property. 5. The equipment is expected to be sold at a net selling price of P200,000. 7. Adminstrative expenses expected to be incurred during the liquidation process is P30,000. This amount is not yet reflected on the statement of financial position. 8. Accrued expenses include accrued salaries of P25,000 9. Accrued interest on the loan payable amounting to P15,000 was not refected in the statement of financial position. 10. All of the other liabilities are stated at their expected settlement amounts. REQUIREMENT: How much is the total free assets? 2. Compute the total unsecured liabilities with priority. 3. compute the amount of partially secured liabilitys. 4. How much is the total unsecured liabilities without priority. PREPARE THE STATEMENT OF AFFAIRS AS OF JANUARY 1, 2020