5. Oakland Ltd, whose capital consisted of $50000 in fully paid shares, was wound up as a result of a court order. Its liquidator realised $3,358,250 from the sale of the company's assets. This amount included $850,000 from the proceeds on sale of the company's land and buildings. Debts proved and admitted were: Unsecured Notes 700000 Debentures (secured by circulating security interest) First mortgage on land and buildings Trade accounts payable PAYG tax instalment Fringe benefits tax Directors' fees 1500000 500000 400000 3900 10000 15000 GST 9945 Employees' holiday pay 25000 Employees' wages 20000 Secretary's salary - 3600 Managing director's salary - Sales commission Liquidation expenses Second mortgage on land and buildings 12000 2500 15000 400000 40000 Liquidator's remuneration Required Show the order of priority of payment of debts for Oakland Ltd and calculate the amount payable to the company's trade accounts payable