Hi there! I just need some help/verification for part 2, the second picture (distribution of proceeds). Thanks for the help!

Problem 24-01 Liquidation Southwestern Wear Inc. has the following balance sheet: Current assets $1,875,000 Accounts payable $375,000 Fixed assets 1,875,000 Notes payable 750,000 Subordinated debentures 750,000 Total debt $1,875,000 Common equity 1,875,000 Total assets $3,750,000 Total liabilities and equity $3,750,000 The trustee's costs total $341,750, and the firm has no accrued taxes or wages. Southwestern has no unfunded pension liabilities. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much will each class of investors receive if a total of $3 million is received from sale of the assets? Distribution of proceeds on liquidation: 3000000 750000 1. Proceeds from sale of assets 2. First mortgage, paid from sale of assets 3. Fees and expenses of administration of bankruptcy 4. Wages due workers earned within 3 months prior to filing of bankruptcy petition 750000 341750 5. Taxes 6. Unfunded pension liabilities 7. Available to general creditors 1158250 375000 $783250 Distribution to general creditors: Claims of General Creditors Application of 100% Distribution After Subordination Adjustment Percentage of Original Claims Received Claim (1) (2) (3) Notes payable $ 750,000 750,000 28.21 % $ $ 1,908,250 1,533,250 Accounts payable $ 375,000 375,000 14.10 % 28.21 % Subordinated debentures $ 750,000 $ 750,000 $ 783,250 Total $ 1,875,000 $ 1,875,000 The remaining $ 783,250 will go to the common stockholders