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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

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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: $ 7,000 Government claims to unpaid taxes Salary during last month owed to Mr. Key (not an officer) Administrative expenses Salary during last month owed to Ms. Rankin (not an officer) Unsecured accounts payable 19,200 3,450 5,850 7,550 Indicate how much money will be paid to the creditor associated with each debt. Amounts Types of Debts Administrative expenses Government claims to unpaid taxes Salary during last month owed to Mr. Key and Ms. Rankin

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