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A company going through a Chapter 7 bankruptcy has the following account balances: Cash $ 48,000 Receivables (20% collectible) 68,000 Inventory (worth $54,500) 108,000 Land

A company going through a Chapter 7 bankruptcy has the following account balances:

Cash $ 48,000
Receivables (20% collectible) 68,000
Inventory (worth $54,500) 108,000
Land (worth $246,000) (secures note payable) 190,000
Buildings (worth $270,000) (secures bonds payable) 380,000
Salaries payable (4 workers owed equal amounts for last 2 weeks) 19,000
Accounts payable 108,000
Note payable (secured by land) 200,000
Bonds payable (secured by building) 480,000
Common stock 280,000
Retained earnings (230,000 )

How much will be paid to each of the following?

Salaries Payable
Accounts Payable
Note Payable
Bonds Payable

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