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	$	17,000
Accounts receivable (net)		90,000
Inventory		138,000
Land		125,000
Buildings (net)		325,000
Equipment (net)		230,000
Total assets	$	925,000
Liabilities and Equities
Accounts payable	$	148,000
Notes payablecurrent (secured by equipment)		300,000
Notes payablelong term (secured by land and buildings)		215,000
Common stock		145,000
Retained earnings		117,000
Total liabilities and equities	$	925,000

Additional Information

	If the company is liquidated, administrative expenses are estimated at $43,000.
	The Accounts Payable figure includes $35,000 in wages earned by the companys 12 employees during May. No one earned more than $4,700.
	Liabilities do not include taxes of $39,000 owed to the U.S. government.
	Company officials estimate that 35 percent of the accounts receivable will be collected in a liquidation and that the inventory disposal will bring $105,000. The land and buildings will be sold together for approximately $360,000; the equipment should bring $155,000 at auction.

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