The following balance sheet represents Edwards Clothing Corporations position at the time it filed for bankruptcy.

Cash	$ 10,000	Accounts payable	$ 1,600,000
Receivables	100,000	Notes payable	500,000
Inventories	890,000	Accrued wages	150,000
		Accrued taxes	50,000
Total current assets	1000,000	Total current liability	$ 2,300,000
Net plant	$ 4,000,000	Mortgage bonds	2,000,000
Net equipment	5,000,000	Subordinated debentures	2,500,000
		Preferred stock	1,500,000
		Common stock	1,700,000
Total assets	$ 10,000,000	Total Claims	$ 10,000,000

The mortgage bonds are secured by the plant, but not by the equipment. The subordinated debentures are subordinated to notes payable. The firm was unable to reorganize under Chapter 11; therefore, it was liquidated under Chapter 7. The trustee, whose legal and administrative fees amounted to $200,000, sold off the assets and received the following proceeds.

Asset Proceeds

Plant $1,600,000

Equipment $1,300,000

Receivables $90,000

Inventories $600,000

Cash $10,000

No single wage earners had over $2,000 in claims, and there were no unfounded pension plan liabilities.

1. How much will the mortgage bondholder receive?
2. How much will the notes payables holders receive?
3. How much will the subordinated bondholders receive?
4. How much will the accounts payable holders receive?