Penn Inc.'s assets have the carrying values and estimated fair values as follows: Cash Accounts Receivable Inventory Land Building (net) Equipment (net) Total Carrying Value $ 16,500 60, dee 99,900 180,700 220,300 258, 200 $739, eee Fair Value $ 16,500 51.899 66,609 82,398 16e, see 180, 180 $477,898 Penn's debts follow: Accounts Payable Wages Payable (all have priority) Taxes Payable Notes Payable (secured by receivables and inventory) Interest on Notes Payable Bonds Payable (secured by land and building) Interest on Bonds Payable Total $ 96,909 9,200 14, see 191, 100 5.999 221,700 12,800 $551,600 Requlred: a. Prepare a schedule to calculate the net estimated amount available for general unsecured creditors. PENN INC. General Unsecured Creditors Total estimated fair values Claims of secured creditors Notes pavable and interest Receivables and inventory) Bonds payable and interest (Land and Building) Claims of creditors with priority Wages payable Taxes payable Available to general unsecured creditors b. Compute the percentage dividend to general unsecured creditors. Estimated dividend % c. Prepare a schedule showing the amount to be paid each of the creditor groups upon distribution of the $477,890 estimated to be realizable. Group Credit balance Percentage %) Distributed Accounts payable Wages payable Taxes payable Notes payable and interest (Unsecured) Notes payable and interest (Secured) Bonds payable and interest Total