Statement of Affairs Dellwood Corporation is experiencing difficulty in paying its bills and is considering filing for bankruptcy. Current data as of September 30, 2017, show the following:

Assets		Expected Realizable Value
Cash		$ 20,000
Accounts receivable		325,000
Inventory-materials		100,000
Inventory-finished goods		400,000
Land		200,000
Building		1,100,000
Trucks		45,000
Equipment		200,000
Liabilities	Book Value	Secured by
Accounts payable	$ 800,000
Bank loan	275,000	80% of receivables
Wages payable	140,000
Taxes payable	75,000
Truck loan	70,000	Trucks with $30,000 estimated realizable value
Mortgage payable	600,000	Land and building
Loan payable	450,000	Finished goods
Note payable	750,000

All of the wages payable have priority.

Required

Prepare statement of affairs.

Note: Do not use a negative sign in your answers.

Dellwood Corporation Statement of Affairs September 30, 2017
	Estimated Realizable Value	Free Assets
Assets pledged to fully-secured creditors:
Land and building	Answer
Less: Liabilities to fully-secured creditors	Answer	Answer
Assets pledged to partially-secured creditors:
Accounts recievable	Answer
Inventory - finished goods	Answer
Truck	Answer
	Answer
Free assets:
Cash	Answer
Accounts receivable	Answer
Inventory - materials	Answer
Trucks	Answer
Equipment	Answer	Answer
Total free assets		Answer
Less: Unsecured liabilities with priority		Answer
Net free assets		Answer
Estimated deficiency to unsecured creditors		Answer
Total unsecured liabilities		Answer

	Creditors' Claims	Unsecured Liabilities
Fully-secured creditors:
Mortgage payable	Answer
Partially-secured creditors:
Bank Loan	Answer
Loan payable	Answer
Truck Loan	Answer
	Answer
Less: Value of pledged assets	Answer	Answer
Unsecured creditors with priority:
Wages payable	Answer
Taxes payable	Answer
	Answer
Unsecured creditors:
Account payable	Answer
Note payable	Answer	Answer
Total unsecured liabilities		Answer