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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,300 in free cash. The following

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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,300 in free cash. The following debts, totaling $43,550, remain: Government claims to unpaid taxes $ 7,100 Salary during last month owed to Mr. Key (not an officer) 18,925 Administrative expenses 3,550 Salary during last month owed to Ms. Rankin (not an officer) 6,325 Unsecured accounts payable 7,650 Indicate how much money will be paid to the creditor associated with each debt. Types of Debts Amounts

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