The Following Information Is Available for Reddinot Company, Which Has

The following information is available for Reddinot Company, which has filed for Chapter 7 bankruptcy protection:
$\begin{array}{lr}\text { Priority liabilities } & \$ 100,000 \\\text { Fully secured liabilities } & 250,000 \\\text { Partially secured liabilities } & 340,000 \\\text { Unsecured liabilities } & 200,000 \\\text { Realizable value of assets held as security for fully secured liabilities } & 325,000 \\\text { Realizable value of assets held as security for partially secured liabilities } & 300,000 \\\text { Realizable value of unsecured assets } & 50,000\end{array}$ Required
a. Present a statement of affairs for Reddinot Company, in good form.
b. Calculate the estimated recovery rate to partially secured creditors and unsecured creditors without priority. Round your answers to the nearest tenth of a percentage.