At the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the following balance sheet shown below (in thousands of dollars) The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation under Chapter 7 Sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, brought in $350,000, while the current assets were sold for another $290,000 Thus, the total proceeds from the liquidation sale were $640,000 The trustee's costs amounted to $55,000 no single worker was due more than $2,000 in wages and there were no unfunded pension plan liabilities Current assets $ 400 Account payable $ 50 Net fixed assets 600 Accrued taxes 40 Accrued wages 30 Notes payable 180 Total current liabilities $ 300 First mortgage bonds 300 Second mortgage bonds 200 Debentures 200 Subordinated debentures 100 Common stock 50 Retained earnings 150 Total assets $1,000 Total claims $1,000 Notes All fixed assets are pledged as collateral to the mortgage bonds Subordinated to notes payable only How much will McDaniel's shareholders receive from the liquidation Round your answer to the nearest dollar $ How much will the mortgage bondholders receive Round your answer to the nearest dollar $ How much will other priority claimants receive from the liquidation Round your answers to the nearest dollar Enter your answer in dollars Do not round intermediate calcuations Claimant Amount Trustee's expenses $ Workers' wages due $ Governments' taxes due $ Total $ How much will the remaining general creditors receive from the distribution before subordination adjustment Round your answers to the nearest dollar Enter your answer in dollars Account Amount Received Accounts payable $ Notes payable $ Second mortgage bonds $ Debentures $ Subordinated debentures $ Total $ What is the effect of adjusting for subordination Round your answers to the nearest dollar Enter your answer in dollars Account Amount Received after subordination adjustment Notes payable $ Subordinated debentures $

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At the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the following balance sheet shown below (in

At the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the following balance sheet shown below (in thousands of dollars). The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation under Chapter 7. Sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, brought in $350,000, while the current assets were sold for another $290,000. Thus, the total proceeds from the liquidation sale were $640,000. The trustee's costs amounted to $55,000; no single worker was due more than $2,000 in wages; and there were no unfunded pension plan liabilities.

Current assets	$ 400	Account payable	$ 50
Net fixed assets	600	Accrued taxes	40
		Accrued wages	30
		Notes payable	180
		Total current liabilities	$ 300
		First-mortgage bonds*	300
		Second-mortgage bonds*	200
		Debentures	200
		Subordinated debentures**	100
		Common stock	50
		Retained earnings	-150
Total assets	$1,000	Total claims	$1,000
Notes: All fixed assets are pledged as collateral to the mortgage bonds. *Subordinated to notes payable only.

How much will McDaniel's shareholders receive from the liquidation? Round your answer to the nearest dollar. $

How much will the mortgage bondholders receive? Round your answer to the nearest dollar. $

How much will other priority claimants receive from the liquidation? Round your answers to the nearest dollar. Enter your answer in dollars. Do not round intermediate calcuations.

Claimant	Amount
Trustee's expenses	$
Workers' wages due	$
Governments' taxes due	$
Total	$

How much will the remaining general creditors receive from the distribution before subordination adjustment? Round your answers to the nearest dollar. Enter your answer in dollars.