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

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Accounting

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