Creditors of Jones Corporation are considering petitioning the courts to force the company into Chapter 7 Bankruptcy.
The following information has been determined.
Adminsitrative expenses in connection with the liquidation are estimated to be $22,000.
Indicate the amount of money that each class of creditors can anticipate receiving.
	Book Value	NRV
Cash	$6,000	$6,000
A/R	$32,000	$18,000
Inventory	$45,000	$31,000
Supplies	$3,000	$0
Investments	$2,000	$8,000
Land	$60,000	$72,000
Buildings	$90,000	$68,000
Equipment	$50,000	$35,000
N/P (Secured by Land)	$65,000
N/P (Secured by Buildings)	$78,000
Bonds Payabe (Secured by Equipment)	$115,000
Accounts Receivable	$70,000
Salaries Payable (two weeks salary for 3 pp)	$6,000
Taxes Payable	$10,000