Individually or in small groups, complete in-class bankruptcy problem; submit in canvas. Thank you. The following balance sheet represents Boles Electronics Corporation's position at the time it filed for bankruptcy (in thousands of dollars): $10 Cash $100 Receivables $890 Inventory $4,000 Net Plant and Property $5,000 Net Equipment $10,000 Total Assets $1,600 Accounts Payable $500 Notes Payable $150 Wages Payable $50 Taxes Payable $2,000 Mortgage Bonds $2,500 Subordinated Debentures $1,500 Preferred Stock $1,700 Common Stock $10,000 Total Liabilities & Owner's Equity The mortgage bonds are secured by the plant/property but not by the equipment. The subordinated debentures are subordinated to notes payable. The firm was unable to reorganize under Chapter 11; therefore, it was liquidated under Chapter 7. The trustee, whose legal and administrative fees amounted to $200,000, sold off the assets and received the