h. Proceeds from the sale of machinery in (g) were remitted to the bank, which holds a $50,000 loan on the machinery. 1. Update the statement of realization and liquidation to properly reflect...

h. Proceeds from the sale of machinery in (g) were remitted to the bank, which holds a $50,000 loan on the machinery.

1. Update the statement of realization and liquidation to properly reflect transactions (a) through (h).

2. Assuming the remaining noncash assets can be realized for $410,000, determine the estimated dividend to be received by unsecured creditors without priority.