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Can someone please help me solve this? Thank you so much, I really need help with this. Liquidation* Southwestern Wear Inc . has the following

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Can someone please help me solve this? Thank you so much, I really need help with this.

image text in transcribed
Liquidation* Southwestern Wear Inc . has the following balance Sheet . Current SEEEts $ 1, 875, 000 ACCOUNTS payable $ 375, 0 00 FIXED assets 1, 875 , 00 0 Notes payable 750, 0 0` Subordinated DEbentures 750, 0 010 Total debt $ 1, 875, 0 0 0 Common Equity" 1, 875, 0010 Total assets $ 3, 750, 0 00 Total liabilities and equity" $ 3, 750, 0010 The trustee's Costs total $ 292, 250, and the Firm has no accrued taxes or wages . Southwestern has no unfunded pension liabilities . The debentures are subordinated only to the notes payable . IF the firm* GOES bankrupt and liquidates , how much will Each Class Of investors receive if a total of $ 3. 5 million is received from sale of the assets ?!` Distribution of proceeds on liquidation ` 1 . Proceeds from sale of assets 2 . First mortgage , paid from sale of assets 3 . FEES and EXPENSES of administration of bankruptcy $. Wages due workers earned within 3 months* prior to filing of bankruptcy petition 5 . Taxes 5 . Unfunded pension liabilities 7 . Available to general creditors Distribution to general creditors : # It Claims of General Creditors* Application of 101046 Distribution After Subordination Adjustment Percentage of Original Claims Received Claim (2 ) ( 4 ) ( 1 ) (3) NOTES payable ACCOUNTS Payable Subordinated JEDentures I Total The remaining $ _ _^LL go to the common stockholders

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