Palmer Co. had the following amounts for its assets, liabilities, and stockholders' equity accounts just before filing a bankruptcy petition and requesting liquidation:

Book Value Net Realizable ValueCash$20,000 $20,000 Accounts receivable 125,000 80,000 Inventory 360,000 360,000 Land 130,000 100,000 Building and equipment 740,000 350,000 Accounts payable 120,000 Salaries payable 80,000 Notes payable (secured by inventory) 320,000 Employees claims for contributions to pension plans 12,000 Taxes payable 85,000 Liability for accrued expenses 28,000 Bonds payable 500,000 Common stock 250,000 Additional paid-in capital 120,000 Retained earnings (deficit) (140,000)

Of the salaries payable, $35,000 was owed to an officer of the company. The remaining amount was owed to salaried employees who had not been paid within the previous 80 days: Barbara Jones was owed $11,200, Denise Graham was owed $18,700, John Sanders was owed $12,100, and Robert Walters was owed $3,000. The maximum owed for any one employee's claims for contributions to benefit plans was $800. Estimated expense for administering the liquidation amounted to $45,000.

On a statement of financial affairs, what amount would have been shown as assets available to pay liabilities with priority and unsecured creditors?

Multiple Choice

$100,000.

$590,000.

$910,000.

$655,000.

$460,000.