Please supply the answers with solutions. The following problems are complete. No missing data, graphs, or questions.

Number 11 ABAKA has filed a petibon for insolvency. The winding up of ABAKA Co.'s affairs will be entrusted to a receiver. The following information was gathered. Liabilities Unsecured liabilities with priority Fully secured creditors Partially secured creditors Unsecured liabilities without priorities Total Unrecorded items: Dividend receivables Interest payable Estimated administrative expenses 160,000 960,000 320,000 Realizable value 160,000 960,000 320,000 40,000 16,000 11. Whatis the estate equity (deficit) in opening joumal entry made by the receiver in its books? Numbers 12 and 13 On January 1, 2020, an entity sold a new car at a price of wit production cost of At the time contract signing, the entity received P130,OOO cash and old car as down payment. The entity gave a trade-in allowance of to the old car although its fair market value on January 1, 2020 is P650,OOO. The remaining balance is payable in six equal monthly installments starting February 1, 2020. The buyer refigiously paid the monthly installments starting February 1, 2020. However, on June 1, 2020, the buyer defaulted on the monthly installment due which is resulted to the cancellation of the contract of sale and repossession of the subject car. At the date of the tepossession, the possessed car was appraised at a fair value of 9169,000. It is the policy of the entity to use installment method to account its credit sales. 12. Whatis the realized gross profit to be recognized by the entity for the year ended December 31, 2020? 13. Whatis the boss on repossession to be recognized by the entity for year ended December 31, 2020? Number 14 An enterprise sells inventory for 80,000 that had an inventory cost of 40,000. The terms of the sale invoh.'e payments receivable of 10,000 in the first year, 45,000 in Y-.e second year, and 25,000 in the third year. The buyer of inventor,' is a new firm with no credit history. 14. Ifthe cost-recovery method of revenue recognition is used, the amount of gross profit to be recognized in the second year Number 15 The Maginhawa Co. which began operation on January 1, 2020 uses installment method of accounting. The following information is available for 2020. 2962,425 465,520 15. Cash collected, including down payments Deferred gross profit at December 31, 2020 Gross profit on sales The total amount of Maginhawa's installment sales for 2020 was?