Problem 13-52 (Algo) (LO 13-4, 13-7) Lynch, Inc. is a hardware store operating in Boulder, Colorado, Management recently made some poor inventory acquisitions that have loaded the store with unsalable merchandise. Because of the drop in revenues, the company is now insolvent. The following is a trial balance as of March 14, 2020. Debit Credit Accounts payable $ 52,000 Accounts receivable $ 63,000 Accumulated depreciation, building 69,000 Accumulated depreciation equipment 35,000 Additional paid in capital 27,000 Advertising payable 23,000 Building 99,000 Cash Comon stock 107,000 Equipment 37,000 Inventory 138,000 Investments 34,000 Land 29,000 Note Payable Colorado Savings and toon secured by Ben on land and buildine) 89,000 Note Payable-First National Bank (secured by equipment) 180,000 Payroll taxes payable Retained earnings (deficit) 20.000 164,000 Salaries payable Cowed equally to the employees) 24,000 Totals $636,000 1 634,000 20,000 Assume that the company will be liquidated and the following transactions will occur Accounts receivable of $37.000 are collected with remainder written off All of the company's Inventory is sold for $59,000. Additional accounts payable of $29.000 incurred for various expenses, such as utilities and maintenance, are discovered, The land and building are sold for $109,000, The note payable due to the Colorado Savings and Loan is paid. The equipment is sold at auction for only $30,000 with the proceeds applied to the note owed to the First National Bank The investments are sold for $59,000 Administrative expenses total $39,000 as of July 23, 2020, but no payment has been made yet o. Prepare a statement of realization and liquidation for the period from March 14, 2020, through July 23, 2020, b. How much cash would be paid to an unsecured, nonpriority creditor that Lynch, Inc, owes a total of $2,000? Required A Required Assets Prepare a statement of realization and liquidation for the period from March 14, 2020, through July 21, 2020 (Negative amounts should be indicated by a minussion> LYNCH, INC Statement of Realization and Liquidation March 14, 2020 to July 23, 2020 Liabilities Fully Noncash Partially Unsecured Stockholders Cash with Secured Secured Nonpriority Equity Priority Creditors Creditors Liabilities Deficits Book balances, 214/20 520,000 s 450.000 530,000 13.000 S 271 000 Accounts receivable collected remaining balance assured to be uncollectie 37,000 163 000) (20000 Inventory sold 30.000 (130.000) (79.000 Accounts payable discovered 29.000 29 000) Land and buildings i sold 100 000 128 000) 19.000 Fuly secured hot paid (19,000) (00.000) Equipment sold 30 000 YZ0001 57 000 Payment made on parily secured debt (30 000 000) westients sold 59.000 1.000 25,000 Administrative expenses crud 30 000 0 000 Romang panlily secured measured sunsecuredite (150.000) 150.000 Final balances remaining for unsecured creditors $195.000 0 530.000 05107 000 35,000 Complete this question by entering your answers in the tabs below. Required A Required B How much cash would be paid to an unsecured, nonpriority creditor that Lynch, Inc., owes a total of $2,0007 (Round your final answer to nearest whole dollar amount.) Cash paid