The following balance sheet represents Boles Electronics Corporation s position at the time it filed for bankruptcy (in thousands of dollars): 10 Accounts payable 1,600 Cash 100 Notes payable Receivables 500 Wages payable Inventories 890 150 Taxes payable Total current liabilities Total current assets 1,000 2.300 Net plant Mortgage bonds 4,000 2,000 Net equipment Subordinated debentures 5,000 2,500 Preferred stock 1,500 Common stock 1700 Total assets $10,000 Total claims $10,000 The mortgage bonds are secured by the plant but not the The subordinated by equip debentures are subordinated to notes payable. The firm was unable to reorganize under Chapter 11; therefore, it was liquidated under Chapter 7. The trustee, whose legal and administrative fees amounted to $200,000, sold off the assets and received the following proceeds (in thousands of dollars)