Kimber Co. is in the process of liquidating and going out of business. The firms accountant has provided the following balance sheet and additional information: Assets Cash $ 19,500 Accounts receivable 61,000 Merchandise inventory 113,000 Total current assets $ 193,500 Land $ 51,000 Buildings & equipment 348,500 Less: Accumulated depreciation (192,500 ) Total land, buildings, & equipment 207,000 Total assets $ 400,500 Liabilities and Stockholders Equity Accounts payable $ 49,300 Notes payable 58,700 Total current liabilities $ 108,000 Long-term debt 52,900 Total liabilities $ 160,900 Stockholders Equity Common stock, no par $ 110,000 Retained earnings 129,600 Total stockholders equity 239,600 Total liabilities and stockholders equity $ 400,500 It is estimated that all but 8 percent of the accounts receivable can be collected, and that the merchandise inventory can be disposed of in a liquidation sale for 85 percent of its cost. Buildings and equipment can be sold at $40,000 above book value (the difference between original cost and accumulated depreciation shown on the balance sheet), and the land can be sold at its current appraisal value of $61,000. In addition to the liabilities included in the balance sheet, $2,350 is owed to employees for their work since the last pay period, and interest of $5,495 has accrued on notes payable and long-term debt. Required: a. Calculate the amount of cash that will be available to the stockholders if the accounts receivable are collected, the other assets are sold as described, and all liabilities and other claims are paid in full.