Just answer the questions in below Required Section

REQUIRED: Organize these numbers into income statement an balance sheets, and comm earning power positions. Liabilities and Shareholders' Equity Accounts payable ecause of consistent losses in the past several years. bankruptoy. Its most current balance sheet follow $ 42,000 20,000 34,000 75,000 25,000 50,000 13,000 lshveral years, Eat and Run, a fast-food franchise, is in d Assets Cash Short-term investments Accounts receivable Inventory Prepaid insurance Property, plant, and equipment 25,000 15,000 Wages payable 35,000 Other short-term payables 42,000Long-term notes 10,000 Mortgage payable 82,000 Contributed capital 50,000Retained earnings Other assets Total liabilities and $259,000 Total assets shareholders' equity $259,000 Additional information: The fair market value of the marketable securities is $19,000. *The sale of the accounts receivable to a local bank would produce about $25,000 cash. A portion of the inventory originally costing $21,000 is now obsolete and can be sold for $3,000 scrap value. The remaining inventory is worth approximately $30,000. Prepaid insurance is nonrefundable . In the event of bankruptcy, the property, plant, and equipment owned by Eat and Run would be divided up and sold separately. It has been estimated that these sales would bring approximately $100,000 cash. Other assets (primarily organizational costs) cannot be recovered. REQUIRED: . The book value (balance sheet assets less liabilities) of Eat and Run is $63,000. Comment on why th balance sheet value may not be a good indication of the value of the company in the case of bankrupc If Eat and Run goes bankrupt, what would you consider to be the value of the company? When a company goes bankrupt, the creditors are usually paid off first with the existing assets, if assets remain, the shareholders are paid. If Eat and Run goes bankrupt, would the shareholders rec anything? If so, how much