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Southwestern Wear Inc. has the following balance sheet: values to the nearest whole number. If your answer is zero, enter 0 . Enter
Southwestern Wear Inc. has the following balance sheet:
values to the nearest whole number. If your answer is zero, enter Enter your answers as positive values.
Distribution of proceeds on liquidation:
Proceeds from the sale of assets
Less:
First mortgage paid from the sale of fixed assets
Fees and expenses of bankruptcy
Wages due to workers within months of bankruptcy
Taxes due to federal, state, and local governments
Unfunded pension liabilities
Funds available for distribution to general creditors
$
Distribution to general creditors:
Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places.
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