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Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,000 in free cash. The following

Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,000 in free cash. The following debts, totaling $42,050, remain:

Government claims to unpaid taxes $ 6,800
Salary during last month owed to Mr. Key (not an officer) 18,625
Administrative expenses 3,250
Salary during last month owed to Ms. Rankin (not an officer) 6,025
Unsecured accounts payable 7,350

Indicate how much money will be paid to the creditor associated with each debt.

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