Please see the problem attached

P15.7 Statement of Realization and Liquidation Comfort Mattress Corporation, a retailer, decided to liquidate in the face of an extreme cash shortage. By agreement with creditors, a receiver was appointed to manage the liquidation. Upon appointment, the receiver found the company's balance sheet to be as follows: COMFORT MATTRESS CORPORATION Balance Sheet March 17, 2020 Cash ......................... $ 5,000 Aoco unts payable ................. $550,000 Accounts receivable ............. 140,000 Loan payable (secured by inventory) . . 300,000 Inventory of merchandise ......... 600,000 Note payable (secured by fixtures). . . . 100,000 Store fixtures, net ............... 200,000 Shareholders' equity .............. (5,000) Total assets ................... $945,000 Total liabilities and equity ........... $945,000 From March 17 through June 30, the following occurred: 1. Collected accounts receivable of $100,000; the remaining accounts are deemed to be uneollectible and written off. 2. Held a \"going out of business sale.\" Sold inventory costing $400,000 for $350,000. Paid expenses of conducting the sale, amounting to $80,000. 3. Sold the remaining inventory to a liquidator for $50,000. 4. The receiver terminated the store's lease; the lease provides for a termination penalty of $35,000, which was accrued. 5. Sold the store xtures at auction for a net of $75,000. 6. Accrued the receiver's fee of $50,000. 7. Paid the secured creditors to the extent of the realized value of their security. Required .21. Prepare a statement of realization and liquidation as of J unc 30, 2020. 3). Compute the remaining cash and determine how it is disbursed, assuming no further expenses