The Southeast Asia Corporation $($SAC$)$ is to be liquidated. Bonds with a face value of $$5\mathrm{.}0$ million are unsecured. SAC has no subordinated debentures outstanding; shareholders$$ equity has a market value of $$4$ million; $$860,000$ is used to cover administrative costs and other claims $($including unpaid wages, pension benefits, legal fees, and taxes$).$

The company has a liquidating value of $$16$ million. Of this amount, $$11$ million represents the proceeds from the sale of its flagship Indonesian resort.

As a trustee in bankruptcy, you wish to follow the bankruptcy law strictly. What is your proposed distribution? $($Enter your answers in whole dollars not in millions. Do not round intermediate calculations. Omit $"$$$"$ sign in your response.$)$

Proposed distribution

Administrative fees and other claims $

Bond holders $

Equity holders $