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Northeastern Wear Inc. has the following balance sheet: Current Assets $ 1 , 5 0 0 , 0 0 0 Account Payable $ 3 0

Northeastern Wear Inc. has the following balance sheet:
Current Assets
$1,500,000
Account Payable
$300,000
Fixed Assets
$1,500,000
Notes Payable
$700,000
Subordinated Debentures
$700,000
Total Debt
$1,700,000
Common Equity
$1,300,000
Total Assets
$3,000,000
Total Liabilities and Equity
$3,000,000
The trustees costs total $496,275, and the firm has no accrued taxes or wages. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much will be available to general creditors if a total of $3.1 million is received from the sale of the assets?

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