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Prepare a statement of financial affairs for Limestone Company as of June 3, 2020. begin{tabular}{|c|c|c|c|} hline$0 & & & $ hline Book Values &
Prepare a statement of financial affairs for Limestone Company as of June 3, 2020. \begin{tabular}{|c|c|c|c|} \hline$0 & & & $ \\ \hline Book Values & Liabilities and Stockholders' Equity & & UnsecuredNonpriorityLiabilities \\ \hline & Liabilities with Priority: & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & Total & $ & \\ \hline & Fully Secured Creditors: & & \\ \hline & & & \\ \hline & & & \\ \hline & Partially Secured Creditors: & & \\ \hline & & & \\ \hline & & & $ \\ \hline & Unsecured Creditors: & & \\ \hline & & & \\ \hline & & & \\ \hline & Stockholders' equity & & \\ \hline$ & & & $ \\ \hline \end{tabular} The following balance sheet has been prepared by the accountant for Limestone Company as of June 3, 2020, the date on which the company is to file a voluntary petition of bankruptcy: Additional Information - If the company is liquidated, administrative expenses are estimated at $35,000. - The accounts payable figure includes $27,000 in wages earned by the company's 12 employees during May. No one earned more than $3,900. - Liabilities do not include taxes of $31,000 owed to the U.S. government. - Company officials estimate that 35 percent of the accounts receivable will be collected in a liquidation and that the inventory disposal will bring $97,000. The land and buildings will be sold together for approximately $344,000; the equipment should bring $147,000 at auction
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