#4 (25 points) For each of the following situations, select the best answer concerning the classification of the liability. (A.) Unsecured without priority (B.) Unsecured with priority (C.) Partially secured (D.) Fully secured 1. Payroll taxes payable. 2. Land and building valued at $435,000 mortgaged by a bank loan in the amount of $520,000. 3. Equipment valued at $75,000 securing a loan to an individual in the amount of $42,400. 4. Salaries payable to employees in the following amounts: $1,250; $1,876; $4,500. 5. Electric bill owed to a local utility. 6. Unpaid defined contribution pension plan payments in the amount of $5,000 (none in excess of $375 per employee.) 7. Obligations arising from the purchase of materials on July 15, 2020. (Bankruptcy petition filed July 22, 2020). 8. Fees charged by bankruptcy trustee. 9. Inventory valued at $62,900 collateralizing a note payable to a bank in the amount of $57,000. 10. Delivery trucks valued at $392,900 securing a lien by General Motors for $400,000