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Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,400 in free cash. The following

Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,400 in free cash. The following debts, totaling $44,050, remain:

Government claims to unpaid taxes $ 7,200

Salary during last month owed to Mr. Key (not an officer) 19,025

Administrative expenses 3,650

Salary during last month owed to Ms. Rankin (not an officer) 6,425

Unsecured accounts payable 7,750

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

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