On March 15, 2020, Nichols Corporation, an garden implement dealer, was petitioned into involuntary bankruptcy under the liquidation provisions of Chapter 7 of the Federal Bankruptcy Code. The following occurred before the bankruptcy petition was filed: Nichols paid on a $10,000 loan to Mr. Henley, a brother of the treasurer who was a minority owner of the corporation. Please indicate Y or N (Yes or No) if the transaction would be set aside by the bankruptcy trustee. Yes QUESTION 4 On March 15, 2020, Nichols Corporation, an garden implement dealer, was petitioned into involuntary bankruptcy under the liquidation provisions of Chapter 7 of the Federal Bankruptcy Code. The following occurred before the bankruptcy petition was filed: Nichols Corp paid the final installment of $10,000 on an two year installment note securing the purchase of inventory in 2019. Please indicate Y or N (Yes or No) if the transaction would be set aside by the bankruptcy trustee. Yes