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On June 1, 2018, Hart Corp. was involuntarily petitioned into bankruptcy under Chapter 7 of the federal Bankruptcy Code. When the petition was filed, Hart's

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On June 1, 2018, Hart Corp. was involuntarily petitioned into bankruptcy under Chapter 7 of the federal Bankruptcy Code. When the petition was filed, Hart's creditors included: Secured Creditors Thorn Bank - 1st mortgage on factory building $250,000 Owen Corp. - perfected PMSI in inventory $100,000 Unsecured Creditors Core Realty-office rent for March - May $8,000 Vista Services - cleaning service Feb. - March $4,000 Teleco - telephone charges for March - May $8,000 Gene Wren - wages for May $4,000 All of Hart's assets were sold. The factory building was sold for $200,000 and the inventory was sold for $70,000. After paying the administrative expenses of the bankruptcy and the secured creditors up to the amount realized from the collateral, there was $64,000 left to distribute to the remaining creditors. What would be the total amount paid to Core Realty from the bankruptcy estate? 1) $8,000 2) $5,120 3) $4,800 4) $0

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