On June 1, 2014, Shaw Company prepared a balance sheet that shows the following: 
Shortly thereafter, all of the assets were sold for cash.
How would the balance sheet appear immediately after the sale of the assets for cash for each of the following cases? 
Definitions:
Reaction Effect
The force exerted back on a system when it exerts a force, as described by Newton's third law of motion.
Suspension
The arrangement of tires, air in tires, springs, dampers, and connecting mechanisms that link a vehicle to its wheels, facilitating movement between them.
Air Suspension
A type of vehicle suspension system powered by an air pump or compressor, creating a smoother ride by inflating rubber bellows located under the chassis.
Height Control Valves
Devices in air suspension systems that maintain or adjust the height of a vehicle by controlling air flow into or out of the air springs.
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