The following balance sheet has been prepared by the accountant for Limestone Company as of June 3, 2015, the date on which the company is to file a voluntary petition of bankruptcy:

LIMESTONE COMPANY Balance Sheet June 3, 2015
Assets
Cash	$	13,000
Accounts receivable (net)		86,000
Inventory		130,000
Land		121,000
Buildings (net)		321,000
Equipment (net)		222,000
Total assets	$	893,000
Liabilities and Equities
Accounts payable	$	140,000
Notes payablecurrent (secured by equipment)		292,000
Notes payablelong term (secured by land and buildings)		211,000
Common stock		141,000
Retained earnings		109,000
Total liabilities and equities	$	893,000

Additional Information

	If the company is liquidated, administrative expenses are estimated at $39,000.
	The Accounts Payable figure includes $31,000 in wages earned by the companys 12 employees during May. No one earned more than $4,300.
	Liabilities do not include taxes of $35,000 owed to the U.S. government.
	Company officials estimate that 30 percent of the accounts receivable will be collected in a liquidation and that the inventory disposal will bring $101,000. The land and buildings will be sold together for approximately $352,000; the equipment should bring $151,000 at auction.

Prepare a statement of financial affairs for Limestone Company as of June 3, 2015..