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 $23,000. - The accounts payable figure includes $15,000 in wages eamed by the company's 12 employees during May. No one earned more than $2,700. - Liabilities do not include taxes of $19,000 owed to the U.S. government. - Company officials estimate that 45 percent of the accounts receivable will be collected in a liquidation and that the inventory disposai will bring $85,000. The land and buildings will be sold together for approximately $320,000; the equipment should bring $135,000 at auction. Predare a statement of financial affairs for Limestone Company as of June 3,2020 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 $23,000. - The accounts payable figure includes $15,000 in wages eamed by the company's 12 employees during May. No one earned more than $2,700. - Liabilities do not include taxes of $19,000 owed to the U.S. government. - Company officials estimate that 45 percent of the accounts receivable will be collected in a liquidation and that the inventory disposai will bring $85,000. The land and buildings will be sold together for approximately $320,000; the equipment should bring $135,000 at auction. Predare a statement of financial affairs for Limestone Company as of June 3,2020