The following balance sheet has been prepared by the accountant for limestone company as of june 3, 2013, the date on which the company is to file a voluntary petition of bankruptcy:
    limestone company
balance sheet
june 3, 2013
assets
cash $ 3,000
accounts receivable (net) 65,000
inventory 88,000
land 100,000
buildings (net) 300,000
equipment (net) 180,000
total assets $ 736,000
liabilities and equities
accounts payable $ 98,000
notes payable—current 250,000
(secured by equipment) notes payable—long term 190,000
(secured by land and
buildings)
common stock 120,000
retained earnings 78,000
total liabilities and 736,000
equities $
additional information
• if the company is liquidated, administrative expenses are estimated at $18,000.
• the accounts payable figure includes $10,000 in wages earned by the company’s 12 employees during may. no one
earned more than $2,200.
• liabilities do not include taxes of $14,000 owed to the u. s. government.
• company officials estimate that 40 percent of the accounts receivable will be collected in a liquidation and that the
inventory disposal will bring $80,000. the land and buildings will be sold together for approximately $310,000; the
equipment should bring $130,000 at auction.
prepare a statement of financial affairs for limestone company as of june 3, 2013.

Table 1. shows the expected demand for the dvd at different suggested donation levels, and they can act as a single-price monopolist if they choose to. thereceipts will be used to fund gstcg supplies for their data collection and conservation work. at the end of each sea turtle nesting season, any excess funds are donated by the gstcg to a local non-profit sea turtle research and rehabilitation facility. table 1 suggested anticipated total marginal profit donation per number of dvd revenue revenue dvd request requests $19.00 0 $15.00 2 $9.50 4 $7.75 10 $3.00 15 $0.00 20 a. complete table 1 by computing the total revenue, marginal revenue, and profit columns. b. the president wants the gstcg to provide videos to generate the most possible donations (total revenue). what price, if any, is the president of the gstcg favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. c. the education outreach committee wants the gstcg to provide videos to the highest possible number of people. what price, if any, is the educational outreach committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. d. the treasurer of the gstcg wants the dvd program to be as efficient as possible so that the marginal revenue equals marginal cost. what price, if any, is the treasurer favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer. e. the fundraising committee wants the dvd program to generate as much profit in donations as possible. what price, if any, is the fundraising committee favoring and how many people will receive the dvd if this becomes the price of the suggested donation? explain your answer.