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Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,200 in free cash. The

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Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,200 in free cash. The following debts, totaling $43,050, remain: Government claims to unpaid taxes $ 7,000 Salary during last month owed to Mr. Key (not an officer) 19,200 Administrative expenses 3,450 Salary during last month owed to Ms. Rankin (not an officer) Unsecured accounts payable 5,850 7,550 Indicate how much money will be paid to the creditor associated with each debt. Types of Debts Amounts Administrative expenses $ 3,450 Salary during last month owed to Mr. Key and Ms. Rankin $ 18,700 Government claims to unpaid taxes $ 4,050 $ 26,200

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