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Mount Inc. was a hardware store that operated in Boise, Idaho. Management made some poor inventory acquisitions that loaded the store with unsalable merchandise. Due to the decline in revenues, the company became insolvent. Following is a trial balance as of March 15, 2013, the day the company filed for Chapter 7 liquidation. Debit Credit Accounts payable Accounts receivable Accumulated depreciation Bualding Accumulated depreciationEquipment Additional paid -in capital Advertising payable Building Cash Common stock Equipment Inventory S 42,900 s 32.500 65,000 20,800 10,400 5,200 104,000 1,300 65,000 39,000 130,000 19,500 13,000 Land Note payable -Idaho Savings and Loan (secured by a lien on land and building 91,000 Note payable Second National Bank (secured by 195,000 1,300 Payroll taxes payable Retained earnings (deficit) Salaries payable (split equally betwoen two employees) 163,800 6,500 S03,100 03,100 Totals Company officials believed that sixty percent of the accounts receivable building and land had a fair value of S97, publicly traded company that could be sold at the time for $27,300. The entire in Administrative expenses necessary to carry out a liquidation would have approximated $20,800. could be collected if the company was liquidated. The 500, while the equipment was worth $24,700. The investments represented shares of a ventory could be sold for only $42,900. Assume that the company was being liquidated and that the following transactions occurred: Accounts receivable of $23,400 were collected. All of the company's inventory was sold for $52,000 Additional accounts payable of $13,000 incurred for various expenses such as utilities . The land and building were sold for $92,300. . The note payable due to the Idaho Savings and Loan was paid The equipment was sold at auction for only S14,300 with the proceeds applied to the note owed to the Second National Bank. . The investments were sold for $27,300 Administrative expenses totaled $26,000 as of July 26, 2013, but no payment had yet been made. REQUIRED: Indicate how much money will be paid to the credit associated with each debt group. a) SECURED: S b) UNSECURED PROPRITY:S c UNSECURED: S d) UNSECURED (CENTS PER DOLLAR)

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