Gadgets Inc. has financial difficulties. It has a $1,500,000 loan with the Royal Bank that was backed with a general security agreement on Gadgets assets. Gadgets has been unable to make its last few monthly payments totalling $90,000 and the Royal is worried and wants its money. Gadgets also has not paid its common shareholders a $60,000 dividend it declared 3 months ago. There are also 40 Gadget employees, who are each owed $6,000 in unpaid wages from the past