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 $28,000.

	Book Value		Net Realizable Value
Cash	$	12,000	$	12,000
Accounts receivable		38,000		24,000
Inventory		51,000		37,000
Supplies		9,000		0
Investments		8,000		14,000
Land		66,000		78,000
Buildings		96,000		74,000
Equipment		56,000		41,000
Notes payable (secured by land)		71,000
Notes payable (secured by buildings)		90,000
Bonds payable (secured by equipment)		127,000
Accounts payable		76,000
Salaries payable (two weeks salary for three employees)		12,000
Taxes payable		9,500

Indicate the amount of money that each class of creditors can anticipate receiving.

\begin{tabular}{|l|cr|} \hline & \multicolumn{2}{|c|}{ Amounts } \\ \hline Free assets & $ & 94,000 \\ \hline Liabilities with priority & $ & 49,500 \\ \hline Free assets after payment of liabilities with priority & $ & 44,500 \\ \hline Unsecured liabilities & $ & 178,000 \\ \hline Payment on notes payable (secured by land) & \\ \hline Payment on notes payable (secured by buildings) & $ & 78,000 \\ \hline Payment on bonds payable & $ & 62,500 \\ \hline Payment on accounts payable (unsecured) & $ & 19,000 \\ \hline Payment of salaries payable & $ & 12,000 \\ \hline Payment of taxes payable & $ & 9,500 \\ \hline Payment of administrative expenses & $ & 28,000 \\ \hline \end{tabular}