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Kimber Co. is in the process of liquidating and going out of business. The firms accountant has provided the following balance sheet and additional information:

Assets
Cash	$	20,000
Accounts receivable		64,500
Merchandise inventory		113,000
Total current assets				$	197,500
Land	$	51,000
Buildings & equipment		346,500
Less: Accumulated depreciation		(194,500	)
Total land, buildings, & equipment					203,000
Total assets				$	400,500
Liabilities and Stockholders Equity
Accounts payable	$	49,400
Notes payable		55,800
Total current liabilities				$	105,200
Long-term debt					50,500
Total liabilities				$	155,700
Stockholders Equity
Common stock, no par	$	110,000
Retained earnings		134,800
Total stockholders equity					244,800
Total liabilities and stockholders equity				$	400,500

It is estimated that all but 11 percent of the accounts receivable can be collected, and that the merchandise inventory can be disposed of in a liquidation sale for 80 percent of its cost. Buildings and equipment can be sold at $40,000 above book value (the difference between original cost and accumulated depreciation shown on the balance sheet), and the land can be sold at its current appraisal value of $64,500. In addition to the liabilities included in the balance sheet, $2,135 is owed to employees for their work since the last pay period, and interest of $5,390 has accrued on notes payable and long-term debt.

Required:
a.	Calculate the amount of cash that will be available to the stockholders if the accounts receivable are collected, the other assets are sold as described, and all liabilities and other claims are paid in full.

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