Karen is in trouble financially and contemplates filling for bankruptcy. On June 1, she transfers $10,000 to her Uncle Jack as full repayment on a loan that she owed him. On June 15, her washing machine gives out and so she purchases another one at Best Buy and finances it with a PMSI with Best Buy Credit. Best Buy files the PMSI on June 17. On July 1, Karen decides to file a petition for a Chapter 7 proceeding. The total value of her estate is $50,000. Best Buy has the above mentioned PMSI on a washer worth $1000. James has a perfected security interest on Karen's motorcycle which is worth $9,000. Ben, who is owed $25,000, has an unperfected security interest in property valued at $12,000. Lauren has an unsecured claim of $9,000, which is entitled to a priority of $2,000. The United States has a claim for income taxes of $9,000. Steve has an unsecured claim of $15,000 that was filed on time. Uncle Jack has been advised by his lawyer to make an unsecured claim for the money Karen paid him which he files on time. Wally has a claim of $14,000 that he filed late, even though he was aware of the bankruptcy proceedings. A. What can the trustee in bankruptcy do concerning Karen's activities in June preceding the bankruptcy? B. What should each of the creditors receive in a distribution under Chapter 7 and in what priority? C. What types of property will Karen be able to keep as exemptions after the bankruptcy proceeding is finished