Lynch, Inc, is a hordware store operating in Boulder, Colorado Management recently made some poor inventory acquistions that have laaded the store with unsalable merchandise Elecause of the drop in revenues, the company is now insolvent. The following is o trial belance as of March 14,2020 Assume trat the company wa be liquidated and the following transactions wil occur - Accounts receivable of 540,000 are colected with remainder werten oft. - All of the companys inventery is sold for $62,000 - The land and building are tald for $15000 - The note paybale due to the Colorado Savings and Lan is paid - The investmens are vold tor 365,000 - Addional accoucts payoble of 532,000 incured for various expentes, such as utities and maintenance, are dscovered. - The iand and bulding are sold for 5175.000 - The note payable due to the Colorado Sovings and Loen is paid - The equipment a sold at auction for only $33,000 with the proceeds appled to the note owed to the Firut Natonal Bank - The imvestments are sold for 565000 - Admistantive expenses totil $42,000 as of July 23,2020 , but ne poyment has been nude yet. -. Peppare astatement of reelcetion and liquidation for the penod from Morch 14, 2020, through Jily 23, 2020 Complete this question by entering vour answers in the tabs below. Assume that the company will be liquidated and the following transactions will occur: - Accounts receivable of $40,000 are collected with remainder written off. - All of the company's inventory is sold for $62,000. - Additional accounts payable of $32,000 incurred for various expenses, such as utilities and maintenance, are discovere - The land and building are sold for $115,000. - The note payable due to the Colorado Savings and Loan is paid. - The equipment is sold at auction for only $33,000 with the proceeds applied to the note owed to the First National Bank - The investments are sold for $65,000. - Administrative expenses total $42,000 as of July 23,2020 , but no payment has been made yet. a. Prepare a statement of realization and liquidation for the period from March 14, 2020, through July 23, 2020. b. How much cash would be paid to an unsecured, nonpriority creditor that Lynch, Inc, owes a total of $5,000 ? Complete this question by entering your answers in the tabs below. How much cash would be paid to an unsecured, nonpriority creditor that Lynch, Inc., owes a total of $5,000 ? (Round your final answer to nearest whole dollar amount.)