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 $23,000.

	Book Value		Net Realizable Value
Cash	$	7,000	$	7,000
Accounts receivable		33,000		19,000
Inventory		46,000		32,000
Supplies		4,000		0
Investments		3,000		9,000
Land		61,000		73,000
Buildings		91,000		69,000
Equipment		51,000		36,000
Notes payable (secured by land)		66,000
Notes payable (secured by buildings)		80,000
Bonds payable (secured by equipment)		117,000
Accounts payable		71,000
Salaries payable (two weeks salary for three employees)		7,000
Taxes payable		11,400

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

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