Mohammed Ltd.'s assets have the carrying values and estimated fair values as follows:

	Carrying Value ($)	Fair Value ($)
Cash	16,000	16,000
Accounts Receivable	60,000	85,000
Inventory	90,000	110,000
Land	100,000	80,000
Building	220,000	160,000
Equipment (net)	250,000	100,000
Total	736,000	551,000

Mohammed's debts are as follows:

Accounts Payable	$110,000
Salaries Payable (all have priority)	10,500
Taxes Payable	16,000
Notes Payable (secured by receivables and inventory)	190,000
Interest on Notes Payable	5,000
Bonds Payable (secured by land and building))	220,000
Interest on Bond Payable	11,000
Total	$562,500

Required:

Determine the amount available to general unsecured creditors (10 marks)

Calculate the percentage dividend to general unsecured creditors (10 marks)

Show the amount that will be distributed to bond holders from the $551,000 estimated to be realizable (5 marks)