A statement of financial affairs created for an insolvent corporation that was beginning the liquidation process disclosed the following data (assets were shown at net realizable values): 
Required:Prepare a schedule to show the amount available for unsecured creditors after payment of liabilities with priority.
Definitions:
Taxation
A system through which governments finance their expenditure by imposing charges on citizens and corporate entities.
Tax Burden
The measure of the total amount of taxes that an individual or business must pay.
European Countries
Nations located on the European continent, each with its unique government, culture, and economy.
Social Insurance Taxes
Taxes collected to fund public programs designed to provide financial assistance and support to individuals during periods of unemployment, disability, or retirement.
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