Question 7: (14 Marks) List the following liabilities in order of priority of payment in the event of winding up a company: Costs of administration prior to liquidation Long-service leave payable Amount payable for research into mining techniques PAYG income tax instalments Salary of an employee who is the spouse of a director, $3 000 Directors' fees Debentures secured by a circulating security interest (floating charge) Accounts payable