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	$	3,000
Accounts receivable (net)		76,000
Inventory		110,000
Land		111,000
Buildings (net)		311,000
Equipment (net)		202,000
Total assets	$	813,000
Liabilities and Equities
Accounts payable	$	120,000
Notes payablecurrent (secured by equipment)		272,000
Notes payablelong term (secured by land and buildings)		201,000
Common stock		131,000
Retained earnings		89,000
Total liabilities and equities	$	813,000

Additional Information

	If the company is liquidated, administrative expenses are estimated at $29,000.
	The Accounts Payable figure includes $21,000 in wages earned by the companys 12 employees during May. No one earned more than $3,300.
	Liabilities do not include taxes of $25,000 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 $91,000. The land and buildings will be sold together for approximately $332,000; the equipment should bring $141,000 at auction.

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