Pierre Imports will be liquidated. Its current balance sheet is shown below. Fixed assets are sold for $900,000 and current assets are sold for $700,000. All fixed assets are pledged as collateral for all mortgage bonds. Subordinated debentures are subordinate only to notes payable. Trustee costs are $70,000.

Sale of current assets	700,000
Sale of fixed assets	900,000
Trustee costs	70,000
	Before			Before
	Default		Balance Sheet	Default
Current Assets	1,260,000		Accounts payable	300,000
Net fixed assets	1,200,000		Accrued taxes	40,000
			Accrued wages	25,000
			Notes payable	45,000
			Total current liabilities	410,000
			First-mortgage bonds	600,000
			Second-mortgage bonds	400,000
			Debentures	500,000
			Subordinated debentures	300,000
			Common stock	200,000
			Retained earnings	50,000
Total assets	2,460,000		Total claims	2,460,000
a. How much will SHs receive?
b. How much will mortgage bondholders receive?
c. How much will priority creditors receive? d. Identify the remaining general creditors. How much will each receive before subordination adjustment? e. How much will each general creditor receive after subordination adjustment?