On June $1,2011,$ the books of Anderle Corporation show assets with book values and realizable values and liabilities with book values as follows:

$\backslash$table$[[$Assets$],[,$Book Value,Realizable Value$],[$Accounts Receivable $($net$),$$ $1,850,$$ $1,850],[$Accounts Receivable $($net$),21,200,17,000],[$Note Receivable,$15,000,15,000],[$Inventory$,41,000,20,000],[$Investment in Arco Stock,$5,800,15,000],[$Land and Building $($net$),98,500,92,800],[$Equipment $($net$),43,000,8,000],[$Totals$,$$$226,350,$$$169,650],[$Liabilities$]]$

$\backslash$table$[[$Accounts payable $(50,000$ secured by inventory,Book Value$],[$and equipment$),$$$90,625-50,800$