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The following information is available for Copout Corporation, which has filed for Chapter 7 bankruptcy protection: Wages and taxes payable (priority) $80,000 Fully secured liabilities

The following information is available for Copout Corporation, which has filed for Chapter 7 bankruptcy protection:

Wages and taxes payable (priority)

$80,000

Fully secured liabilities

84,000

Partially secured liabilities

120,000

Realizable value of assets held as security for fully secured liabilities

110,000

Realizable value of assets held as security for partially secured liabilities

70,000

Realizable value of unsecured assets

260,000

Unsecured liabilities

300,000

Required:Present a statement of affairs for Copout Corporation, in good form.

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