CommTex corporation is liquidating under chapter 7 of the Bankruptcy Act. The accounts of the CommTex at the time filing are summarized as follows.

Estimated Realizabli Value $ 80,000 Book Value $ 80,000 50,000 80,000 10,000 150,000 Cash 40,000 Accounts receivable-net 60,000 20,000 110,000 40,000 Inventory tand Building-net Equipment-net 60,000 10,000 $440,000 Goodwill Accounts payable Wages and salaries Contributions due to pension plan Taxes payable $120,000 20,000 10,000 60,000 Accrued interest payable (includes $8,000 from the mortgage payable and $2,000 from the note payable) Note payable Mortgage payable Capital stock Deficit 10,000 120,000 90,000 80,000 (70,000) $440.000 The land and building are pledged as security for the mortgage payable as well as any accrued interest on the mortgage. The note payable is secured with the equipment, but the interest on the note is unsecured. Wages and salaries were earned within 90 days of filing the petition for bankruptcy and pension plan contributions relate to services rendered within 6 months of filing the petition for bankruptcy; neither exceeds $4,000 per employee. Liquidation expenses are expected to be $40.000. Required: 1. Prepare a schedule showing the priority rankings of the creditors and the expected payouts. 2. Devendor Corporation was a supplier to CommTex Corporation and at the time of CommTex's bankruptcy filing, Devendor's account receivable from CommTex was $25,000. On the basis of the estimates, how much can Devendor expect to receive?