Which of the following is true?

		1-If a company files for bankruptcy, preferred shareholders' claims are paid prior to creditors' claims.
		2-If a company files for bankruptcy, preferred shareholders' claims are paid prior to common shareholders' claims.
		3-In the event of bankruptcy and subsequent liquidation, preferred shareholders only receive funds after creditors and common shareholders.
		4-If a company files for bankruptcy, preferred shareholders' claims are paid prior to managers' claims. which one is correct answer