PROBLEM 2 o Lienal the liquidator has been appointed to wind up Sunk Pty Ltd. He finds that the company has the following assets and liabilities as shown below. o Bob the Builder wants to know how much he will receive-Calculate and advise? 25 25 COMPANY: ORDER OF DEBTS o Assets o Shop o Stock $850,000 $ 50,000 o Bank Credit $ 15,000 o Car $ 10,000 $925,000 o Liabilities o Mortgage over the shop o Liquidators $820,000 Expenses $ 10,000 o Wages $ 15,000 o Bob Builder $100,000 o J Electrician $60,000 o B Plumber $40,000 $1,045,000