*The subordinated debentures are subordinate to the bank notes payable. Assume that all the accrued wages can be paid out of the liquidation proceeds. Settlement percentage for general and unsecured creditors =TotalclaimsofgeneralandunsecuredcreditorsFundsarailableforgeneralandunsecuredcreditors ==50%8,600,00004,300,000 Funds available for preferred and common stockholders: $ *The subordinated debentures are subordinate to the bank notes payable. Assume that all the accrued wages can be paid out of the liquidation proceeds. Settlement percentage for general and unsecured creditors =TotalclaimsofgeneralandunsecuredcreditorsFundsarailableforgeneralandunsecuredcreditors ==50%8,600,00004,300,000 Funds available for preferred and common stockholders: $