Penn Inc.'s assets have the carrying values and estimated fair values as follows: Carrying Value Fair Value Cash $ 17.400 $ 17.400 Accounts Receivable 60.300 50.300 Inventory 91.200 65.900 Land 101,300 78.342 Building (net) 221.300 160,900 Equipment (net) 250,300 101.500 Total $741,800 $474.342 Penn's debts follow: Accounts Payable $ 95.200 Wages Payable (all have priority) 9,600 Taxes Payable 14.000 Notes Payable (secured by receivables and inventory) 190.100 Interest on Notes Payable 5.800 Bonds Payable (secured by land and building) 221,000 Interest on Bonds Payable 11.200 Total $547.800 Required: 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 payable 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 $474,342 estimated to be realizable.Credit Group Percentage Distributed balance (96) Accounts payable Wages payable Taxes payable Notes payable and interest (Unsecured) Notes payable and interest (Secured) Bonds payable and interest Total