Exercise $1-12$A Differences between interest and dividends

Assume that Harris Company acquires $$3,600$ cash from creditors and $$4,200$ cash from investors.

Required

b$.$ If Harris has a net income of $$2,000$ and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?

c$.$ If Harris has a net loss of $$2,000$ cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?

d$.$ If Harris has a net loss of $$4,900$ cash and then liquidates, what amount of cash will the creditors receive? What amount of cash will the investors receive?