4. Problem 24-01 (Liquidation) eBook Problem Walk-Through Liquidation Southwestern Wear Ine has the following balance sheet: Current assets $1,875,000 Accounts payable $375,000 Fixed as ats 1,875,000 Notes payable 750,000 Subordinated debentures 750,000 Total debt $1,975,000 Cummon equity 1,075,000 Total assets $3,750,000 Total abilities & equity $3,750,000 The trustee's costs total $246,500, and the firm has no accrued taxes or wages. Southwestern has no unfunded pension liabilities. The debentures are subordinated only to the notes payable. If the firm goes bankrupt and liquidates, how much wilcoch dess of investors receive it a total of $3.0 milion is received from sale of the assets Round your answers for monetary values to the nearest dollar and for percentage values to the nearest whole number. If your answer is zero, enter "0". Enter your answers as positive values Distribution of proceeds on liquidation: Proceeds from the sale of assets $ LAS: 1. First mortgage paid from the sale of fixed assets) 2. Fees and expenses of bankruptcy 3. Wages due to workers within 3 months of bankruptcy 4. Teves due to federal, state, and local governments 5. Unfunded pension liabilities Funds available for distribution to general creditors Distribution to general credikers! Distribution after Percentage of Original Subordination Claim Received Adjustment (5) Application of 100% Distribution (3) ) Amount of Claim (2) s $ $ General Creditore Claims (1) Accounts payable Notes payable Subordinated debantures Total S $ $ Raurd your answer for monetary value to the nearest dallar and for percentage value to two decimal places The remainings will go to the common stockholders. They will receive only % of the amount of equity on the balance sheet