Problem 1. A Statement of Realization and Liquidation has been prepared for FJK Company. The totals are given below:

Assets to be realized	60,000	Liabilities assumed	50,000
Assets acquired	40,000	Liabilities not liquidated	65,000
Assets not realized	80,000	Supplementary credits	110,000
Liabilities to be liquidated	80,000	Supplementary charges	?

Retained earnings increased to P15,000. The beginning balance of Share Capital and Retained Earnings are P100,000 and (P85,000), respectively.

1. How much is the ending cash balance?

Problem 2. The Statement of Affairs of ABC Company contained the following relevant information:

Assets pledged with fully secured creditors	1,500,000
Assets pledged with partially secured creditors	800,000
Free Assets	900,000
Liabilities with priority	200,000
Fully secured liabilities	1,000,000
Partially secured liabilities	1,500,000
Unsecured creditors without priority	1,300,000

1. The estimated deficiency to unsecured claims is?
2. What is the percentage of recovery of partially secured liabilities?