Chapter 7 When the Beacon Computer Company filed for bankruptcy under Chapter 7 of the U.S. bankruptcy code, it had the following balance sheet information:

Liquidating Value Claims Trade credit $ 4,800 Secured mortgage notes 8,000 Senior debentures 10,000 Junior debentures 15,000 Total assets $28,500 Equity −9,300 Assuming there are no legal fees associated with the bankruptcy, as a trustee, what distribution of liquidating value do you propose?