Lynch, Inc., is a hardware store operating in Boulder, Colorado. Management recently made some poor inventory acquisitions that have loaded the store with unsalable merchandise. Because of the drop in revenues, the company is now insolvent. Following is a trial balance as of March 14, 2017. Debit Credit 45,000 $ $ 49,000 62,000 28,000 20,000 16,000 Building 92,000 13,000 86,000 Accounts payable Accounts receivable Accumulated depreciation, building Accumulated depreciation, equipment Additional paid-in capital Advertising payable Cash LAS" Common stock Equipment Inventory Investments Land Land Note Payable-Colorado Savings and Loan (secured by lien on land and building) Note Payable-First National Bank (secured by equipment) Payroll taxes payable Retained earnings (deficit) Salaries payable (owed equally to two employees) Totals 66,000 124,000 27,000 22,000 82,000 174,000 13,000 150,000 17,000 $543,000 $ 543,000 Assume that the company will be liquidated and the following transactions will occur: Accounts receivable of $30,000 are collected with remainder written off. All of the company's inventory is sold for $52,000. Additional accounts payable of $22,000 incurred for various expenses such as utilities and maintenance are discovered. . The land and building are sold for $95,000. The note payable due to the Colorado Savings and Loan is paid. The equipment is sold at auction for only $23,000 with the proceeds applied to the note owed to the First National Bank. . The investments are sold for $45,000. Administrative expenses total $32,000 as of July 23, 2017, but no payment has yet been made. a. Prepare a statement of realization and liquidation for the period from March 14, 2017, through July 23, 2017 b. How much cash would be paid to an unsecured, nonpriority creditor that Lynch, Inc., owes a total of $4,000? Required A Required B Prepare a statement of realization and liquidation for the period from March 14, 2017, through July 23, 2017. (Negative amounts should be indicated by a minus sign.) Fully Secured Creditors Partially Secured Creditors Unsecured Stockholders Nonpriority Equity Liabilities (Deficits) LYNCH, INC. Statement of Realization and Liquidation March 14, 2017 to July 23, 2017 Liabilities Noncash Cash with Assets Priority Book balances, 3/14/17 Accounts receivable collected remaining balance assumed to be uncollectible Inventory sold Accounts payable discovered Land and buildings all sold Fully secured note paid Equipment sold Payment made on partially secured debt Investments sold Administrative expenses accrued Remaining partially secured claims reclassified as unsecured liabilities Final balances remaining for unsecured creditors $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Required A Required B How much cash would be paid to an unsecured, nonpriority creditor that Lynch, Inc., owes a total of $4,000? (Round your percentage claim for unsecured liabilities to the nearest whole percent.) Cash paid