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On April 30, 2020, the books of MGE Corp. show its assets and liabilities values as follows: Assets Book Value Realizable Value Cash 925 925

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On April 30, 2020, the books of MGE Corp. show its assets and liabilities values as follows: Assets Book Value Realizable Value Cash 925 925 Accounts receivable, net 10,600 8500 Note receivable, net 7,500 7500 Inventory 20,500 10000 Investment in Integer Corp. 2,900 7500 Land and building, net 49,250 46400 Equipment, net 21,500 4000 113,175 84,825 Liabilities Book Value Accounts payable (25,000 secured by inventory & equipment) 45,313 Wages payable (eligible for priority) 1,888 Other accrued liabilities 5,000 Accrued interest on notes payable 188 Accrued interest on mortgage payable 300 Notes payable (secured by investment in Integer Corp. 5,000 Mortgage payable (secured by land and building) 35,000 92,688Compute the following: 1. Dividend to unsecured with priority. Estimated payment to creditors. 3 Amount of unsecured creditors without priority. 4 Estimated payment to fully secured creditors. Estimated amount available to unsecured creditors (with and without priority)/total free assets. Estimated gain or loss on realization of assets. 7 Estimated amount available to unsecured creditors without priority (net free assets). 8 Estimated amount to unsecured creditors without priority. LD Estimated deficiency to unsecured creditors. 10 Estimated amount to partially secured creditors. 11 Estimated amount to unsecured creditors with priority. 12 Estimated net (total) loss

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