Pontrain Imports will be liquidated. Its current balance sheet is shown below. Current assets are sold for $2,100,000 and fixed assets are sold for $5,000,000. All fixed assets are pledged as collateral for all mortgage bonds. Subordinated debentures are subordinate only to notes payable. Trustee costs are $500,000.

a. How much will SHs receive?

b. How much will mortgage bondholders receive?

c. How much will priority creditors receive?

. Identify the remaining general creditors. How much will each receive before subordination adjustment and after adjustment?