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Longshore, Inc., has $12 million in mortgage bonds, $20 million owed to general creditors, $2 million in subordinated debentures, and $9 million par vale of

Longshore, Inc., has $12 million in mortgage bonds, $20 million owed to general creditors, $2 million in subordinated debentures, and $9 million par vale of common stock. The company has sold its mortgage assets for $5 million and other assets for $9 million. How would the distribution in bankruptcy be made?

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