#$4.(16$ points$)$ Firm ABC had the following balance sheet $($in thousands of dollars$)$ when it filed for bankruptcy. The court determined that the only recourse was liquidation for the firm under Chapter $7.$ Sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, brought in $$400,000,$ while the current assets were sold for $$200,000.$ The cost related to the works done by the trustee amounted to $$50,000,$ no single worker was due more than the maximum allowable wages per worker, and there were no unfunded pension plan liabilities.

$\backslash$table$[[$Current assets,$$500,$Accounts payable,$$50$