The Following Information Is Available for Clueless Corporation, Which Has

The following information is available for Clueless Corporation, which has filed for Chapter 7 bankruptcy:
Liabilities:
$\begin{array}{|l|r|}\hline \text { Administrative expenses payable to trustee (priority) } & \$ 33,000 \\\hline \text { Taxes payable (priority) } & 22,000 \\\hline \text { Unsecured liabilities } & 550,000 \\\hline \text { Fully secured liabilities } & 190,000 \\\hline \text { Partially secured liabilities } & 350,000\\\hline \end{array}$

Realizable value of assets:
$\begin{array}{|l|r|}\hline\text { Assets pledged to fully secured creditors } & \$ 250,000 \\\hline \text { Assets pledged to partially secured creditors } & 275,000 \\\hline \text { Unsecured assets } & 80,000\\\hline\end{array}$
Required
a. Prepare a statement of affairs for Clueless Corporation.
b. Calculate the estimated recovery rate (cents on the dollar) for (1) unsecured and (2) partially secured creditors. Round your answers to the nearest tenth of a cent, if necessary.