Liquidation (Q# 5-10 are parts of the same question. Use all the following information to answer the questions following.)

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 & equity= $3,750,000

The trustee's costs total $201,500, 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 $2.9 million is received from sale of the assets? Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If your answer is zero, enter 0. Enter your answers as positive values.

1.What is the Funds available for distribution to general creditors ?

Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. Enter the amount as whole number without any sign, comma, and decimal points and enter the percentage value without any sign.

2. Percentage of Original Claim Received by accounts payable is ___________

3. Percentage of Original Claim Received by notes payable is _____________

4. Percentage of Original Claim Received by subordinated debentures is ___________

5. The remaining $ __________ will go to the common stockholders

6. Common stockholders will receive _______ % of the amount of equity on the balance sheet.