please focus on #13 bevause the other question is answered but i have included them to help answer 13.

QUESTION 13 Use information and result from Question 12. Given that subordinated debenture is subordinated to Notes Payable, how much will each general creditor of Michelle Filming Company receive from the distribution after subordination adjustment? (in thousand dollars) Note payables lenders receive $200; Debenture holders receive $90; and Subordinated debentures holders receive $0. Note payables lenders receive $120; Debenture holders receive $90; and Subordinated debentures holders receive $60. Note payables lenders receive $120; Debenture holders receive $150; and Subordinated debentures holders receive $100. Note payables lenders receive $180; Debenture holders receive $90; and Subordinated debentures holders receive $0. None of the above is correct. At the time it defaulted on its interest payments and filed for bankruptcy, the Michelle Filming Company had the balance sheet shown here in thousands of dollars). The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation under Chapter 7. Sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, brought in $500,000, while the current assets were sold for another $300,000. Thus, the total proceeds from the liquidation sale were $800,000. The trustee's costs amounted to $80,000. Current assets Net fixed assets $ 400 600 Accrued taxes Notes payable Total current liabilities S 50 200 $ 250 First-mortgage bonds Second-mortgage bonds Debentures Subordinated debentures Common stock 300 100 150 100 200 Total assets Retained earnings (100) $1,000 Total claims $1,000 How much will the mortgage bondholders of Michelle Filming Company receive in total? (in thousand dollars) $200 $300 O $400 $500 56