creditors, and the trustee in bankruptcy realized the following amounts from the its business assets: Not So Fine Manufacturing Co. Ltd. - Bankruptcy Situation #2 Cash in bank $ 1,000 Accounts rec. 40,000 Inventories 25,000 Land & buildings 74,000 Total Assets $140,000 Sask Polytech The liabilities of the business were as follows at the time of the receiving order: First mortgage on land & buildings $ 50,000 Second mortgage on land & buildings 25,000 Bank loan secured under section 427 40,000 Profit sharing plan 65,000 Municipal taxes payable ($2,500/yr) 5,000 Wages payable (3 employees) 15,000 Total Liabilities $200,000 Sask Polytech The expenses of liquidation were $5000. The trustee's fee was $3000. espond to these questions for bankruptcy situation #2: List the creditors and the amount of their payments, in the correct order, in which the truste made payment to the various types of creditors. Assume that all secured creditors had taken the necessary steps to protect their security. Identify the amounts available and owed to the different categories of creditors. How many cents on the dollar should the general unsecured creditors receive? Save vour responses using this SPREADSHEET document.