A statement of financial affairs created for an insolvent corporation that was beginning the liquidation process disclosed the following data (assets were shown at net realizable values ): Assets...

A
statement of financial affairs
created for an insolvent corporation that was beginning the liquidation process disclosed the following data (assets were shown at
net realizable values):

Assets pledged with fully secured creditors         $265,000

Fully secured liabilities                                        200,000

Assets pledged with partially secured creditors     497,000

Partially secured liabilities                                   641,000

Free assets                                                          400,000

Unsecured liabilities with priority                        210,000

Unsecured liabilities                                            670,000

Required:

Prepare a schedule to show the amount available for unsecured creditors after payment of liabilities with priority.