Liquidation

Southwestern Wear Inc. has the following balance sheet:

The trustee's costs total $$243,500,$ and the firm has no accrued taxes or wages. Southwestern has no unfunded

subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much will each class of in

received from sale of the assets? Round your answers for monetary values to the nearest dollar and for percent

If your answer is zero, enter $"0".$ Enter your answers as positive values.

Distribution of proceeds on liquidation:

Proceeds from the sale of assets

Less:

First mortgage $($paid from the sale of fixed assets$)$

Fees and expenses of bankruptcy

Wages due to workers within $3$ months of bankruptcy

Taxes due to federal, state, and local governments

Unfunded pension liabilities

Funds available for distribution to general creditors

Distribution to general creditors:

$

Distribution after

Application of $100\%$

Distribution

$(3)$

Subordination

Adjustment

$(4)$

Percen

Origina

Rece

$

$

$

Notes payable

Subordinated

debentures

Total

Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places.

The remaining $

will go to the common stockholders. They will receive only

$\%$

sheet.