Kimber Co. is in the process of liquidating and going out of business. The firm's accountant has provided the following balance sheet and additional information: Assets Cash $ 19,500 Accounts receivable 61, 500 Merchandise inventory 112, 000 look Total current assets $193, 000 Land $ 48,000 rences Buildings & equipment 340, 500 Less: Accumulated depreciation (193, 000) Total land, buildings, & equipment 195, 500 Total assets $388 , 500 Liabilities and Stockholders' Equity Accounts payable $ 48, 800 Notes payable 56,900 Total current liabilities $ 105, 700 Long-term debt 54, 900 Total liabilities $160, 600 Stockholders' Equity Common stock, no par $ 110,000 Retained earnings 117,900 Total stockholders' equity 227,900 Total liabilities and stockholders' equity $388, 500 It is estimated that all but 14 percent of the accounts receivable can be collected, and that the merchandise inventory can be disposed of in a liquidation sale for 90 percent of its cost. Buildings and equipment can be sold at $40,000 above book value (the difference