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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $27400 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 $27400 in free cash. The following debts, totaling $49,050, remain: Government claims to unpaid taxes Salary during last month owed to Mr. Key (not an officer) Administrative expenses Salary during last month owed to Ms. Rankin not an officer) Unsecured accounts payable $ 8,200 20,025 4,650 7,425 8,750 Indicate how much money will be paid to the creditor associated with each debt. Answer is complete but not entirely correct. Types of Debts Amounts Administrative expenses S 4,650 Government claims to unpaid taxes $ 1.6753 Salary during last month owed to Mr. Key and Ms. $ 21,0753 Rankin

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