Calculate the amount of cash that will be available to the

Question

Problem

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

Assets
Cash	16,500
Accounts receivable	64,000
Merchandise inventory	110,000
Total current assets		190,500
Land	47,000
Buildings & equipment	347,500
Less: Accumulated depreciation	190,500
Total land, buildings, & equipment		204,000
Total assets		394,500
Liabilities and Stockholders' Equity
Accounts payable	45,100
Notes payable	56,000
Total current liabilities		101,100
Long-term debt		50,500
Total liabilities		151,600
Stockholders' Equity
Common stock, no par	110,000
Retained earnings	132,900
Total stockholders' equity		242,900
Total liabilities and stockholders' equity		394,500

It is estimated that all but 8 percent of the accounts receivable can be collected, and that the merchandise inventory can be disposed of in a liquidation sale for 90 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 $61,000. In addition to the liabilities included in the balance sheet, $2,380 is owed to employees for their work since the last pay period, and interest of $5,235 has accrued on notes payable and long-term debt.

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.

This is what I have so far, which is all correct. I just need to find the total cash available (including sale of assets).

Total cash available (including sale of assets)
Notes payable	56,000
Long-term debt	(50,500)
Wages payable	2,380
Interest payable	5,235
Accounts payable	45,100
		58,215
Total cash available to stockholders		$(58,215)