The Following Information Is Available for Copout Corporation, Which Has

The following information is available for Copout Corporation, which has filed for Chapter 7 bankruptcy protection:
$$\begin{array} { | l | r | } \hline \text { Wages and taxes payable (priority) } & \$ 80,000 \\\hline \text { Fully secured liabilities } & 84,000 \\\hline \text { Partially secured liabilities } & 120,000 \\\hline \text { Realizable value of assets held as security for fully secured liabilities } & 110,000 \\\hline \text { Realizable value of assets held as security for partially secured liabilities } & 70,000 \\\hline \text { Realizable value of unsecured assets } & 260,000 \\\hline \text { Unsecured liabilities } & 300,000 \\\hline\end{array}$$ Required
a. Present a statement of affairs for Copout Corporation, in good form.
b. Calculate the estimated recovery rate to unsecured creditors without priority. Round your answer to the nearest tenth of a percent.