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 $37,000.

Net Realizable Value $ 21,000 33,000 46,000 $ 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 21,000 47,000 60,000 18,000 17,000 75,000 105,000 65,000 80,000 108,000 145,000 85,000 21,000 22,800 23,000 87,000 83,000 50,000 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 $ 80,000 $ 83,000