Task 2 (Task 2 Total 30% weightage) a. Identify the various types of creditors as they are labeled during a bankruptcy. (15 Marks) b. Link and Pen Partnership company that was to be liquidated had the following liabilities: Particulars Salaries to the employees Long term loans Bills payable Taxes payable Expenses for administering liquidation process Amount (RO) 8,900 40,500 78,000 5,200 | 13,000 The company had the following assets (Fair value) Inventory RO 21,450 Property RO 59,500 Investments RO 71,500 What is total liabilities with Priority are calculated to be? (15 Marks)