Penn Incorporated$$s assets have the carrying values and estimated fair values as follows:

Carrying Value Fair Value

Cash $ $16,200$ $ $16,200$

Accounts Receivable $61,90050,200$

Inventory $92,00065,300$

Land $100,50081,882$

Building $($net$)220,300161,100$

Equipment $($net$)250,300101,900$

Total $ $741,200$ $ $476,582$

Penn$$s debts follow:

Accounts Payable $ $97,000$

Wages Payable $($all have priority$)9,600$

Taxes Payable $14,800$

Notes Payable $($secured by receivables and inventory$)191,200$

Interest on Notes Payable $5,200$

Bonds Payable $($secured by land and building$)221,900$

Interest on Bonds Payable $11,600$

Total $ $551,300$

Required:

b$.$ Compute the percentage dividend to general unsecured creditors.