Creditors of Jones Corporation are considering petitioning the courts to force the company into Chapter 7 bankruptcy. The following information has been determined. Administrative expenses in connection with the liquidation are estimated to be $31,000. Cash Accounts receivable Inventory Supplies Investments Land Buildings Equipment Notes payable (secured by land) Notes payable (secured by buildings) Bonds payable (secured by equipment) Accounts payable Salaries payable (two weeks' salary for three employees) Taxes payable Book Value $ 15,000 41,000 54,000 12,000 11,000 69,000 99,000 59,000 74,000 96,000 133,000 79,000 15,000 22,600 Net Realisable Value $ 15,000 27,000 40,000 0 17.000 81.000 77.000 44,000 What is the amount of money that each class of creditors can anticipate receiving? What is the amount of money that each class of creditors can anticipate receiving? Amounts Free assets Liabilities with priority Free assets after payment of liabilities with priority Unsecured liabilities Payment on notes payable (secured by land) Payment on notes payable (secured by buildings) Payment on bonds payable Payment on accounts payable (unsecured) Payment of salaries payable Payment of taxes payable Payment of administrative expenses Chesterfield Company holds cash of $70,000, inventory worth $130,000, and a building worth $150,000. Unfortunately, the company also has accounts payable of $200,000, a note payable of $100,000 (secured by the inventory), liabilities with priority of $37,600, and a bond payable of $190,000 (secured by the building). In a Chapter 7 bankruptcy, how much money will the holder of the bond expect to receive? Total amount received by bond holders