The following balance sheet represents Boles Electronics Corporation's position at the time it filed for bankruptcy (in thousands of dollars):

Cash	$10	Accounts payable	$1,600
Receivables	100	Notes payable	500
Inventories	890	Wages payable	150
		Taxes payable	50
Total current assets	$1,000	Total current liabilities	$2,300
Net plant	4,000	Mortgage bods	2,000
Net equipment	5,000	Subordinated debentures	2,500
		Preferred stock	1,500
		Common stock	1,700
Total assets	$10,000	Total claims	$10,000

The mortgage bonds are secured by the plant but not by the equipment. The subordinated debentrues 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):

Asset	Proceeds
Plant	$1,600
Equipment	1,300
Receivables	50
Inventories	240
Total	$3,190

In addition, the firm had $10,000 in cash abailable for distribution. No single wage earner had claims exceeding the maximum allowable wages per worker, and there were no unfunded pension plan liabilities.

A. WHAT IS THE TOTAL AMOUNT AVAILABLE FOR DISTRIBUTION TO ALL CLAIMANTS? WHAT IS THE TOTAL OF CREDITOR AND TRUSTEE CLAIMS? WILL THE PREFERRED AND COMMON STOCKHOLDERS RECEIVE ANY DISTRIBUTIONS?

B. DETERMINE THE DOLLAR DISTRIBUTION TO EACH CREDITOR AND TO THE TRUSTEE. WHAT PERCENTAGE OF EACH CLAIM IS SATISFIED?

The answers should be

a- 0 stockholders

b.ap=24%,np=100%,wp=100%,tp=100%,mortgage=85%,subordinated debentures=9%, trustee=100%