Duchon Industries had the following balance sheet at the time it defaulted on its interest payments and filed for liquidation under Chapter 7. Sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, brought in $900 million, while the current assets were sold for another $400 million. Thus, the total proceeds from the liquidation sales were $1,300 million. Trustee's costs amounted to $1 million; no single worker was due more than $2,000 in wages; and there were no unfunded pension plan liabilities. Determine the amount available for distribution to all claimants.

Balance Sheets (Millions of Dollars)
Assets
Current assets					$700
Net fixed assets					1,300
Total assets					$2,000
Liabilities and equity
Accounts payable					$80
Accrued taxes					80
Accrued wages					70
Notes payable					400
Total current liabilities					$630
First-mortgage bondsa					700
Second-mortgage bondsa					300
Debentures					500
Subordinated debenturesb					200
Common stock					100
Retained Earnings					(430)
Total claims					$2,000
a All fixed assets are pledged as collateral to the mortgage bonds.
b Subordinated to notes payable only.
Other inputs (in thousands of dollars):
Proceeds from sale of fixed assets =					$900
Proceeds from sale of current assets =					$401
Trustee's costs =					$1
Total claims (including trustee expenses)
Total cash from liquidation
Amount available for distribution to shareholders
					Initital Distribution to Priority Claimants
Priority claims:
Trustee's expenses
Worker's wages due
Government taxes due
Distribution to first mortgage (paid from sale of fixed assets)
Remaining proceeds from sale of fixed assets after satisfying first mortgage holders
Distribution to second mortgage (paid from sale of fixed assets after satisfying first mortgage holders)
Remaining proceeds from sale of fixed assets after satisfying first and second mortgage holders
Total preliminary distributions to priority claimaints
Total of satisfied priority claims
Total unsastified claims from all claimants
Funds available for distribution to general creditors:
Pro rata distribution percentage
Distributions due to general claims:						Distribution after Subordination Adjustment
				Remaining Unsatisfied Claim
		Amount of Claim	Pro Rata Distribution		Subordination Adjustment
Unsatisfied first mortgage
Unsatisfied second mortgage
Accounts payable
Notes payable
Debentures
Subordinated debentures
Total
Total distributions (including prior distributions to mortgage holders and subordination adjustment):
				Percent of Claim Satisfied
		Total Distribution	Original Claim
First mortgage			$700
Second mortgage			$300
Accounts payable			$80
Notes payable			$400
Debentures			$500
Subordinated debentures			$200