Liquidation Southwestern Wear Inc. has the following balance sheet: Current assets Fixed assets $1,875,000 Accounts payable $375,000 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 Claims of General Creditors Notes payable Accounts payable Subordinated debentures Total Claim (1) Application of 100% After Subordination Distribution (2) Adjustment (3) Percentage of Original Claims Received (4) The remaining $ will go to the common stockholders. % % %