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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $25,400 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 $25,400 in free cash. The following debts, totaling $39,050, 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 6,200 18,025 2,650 5,425 6.750 Indicate how much money will be paid to the creditor associated with each debt. Amounts Types of Debts Administrative expenses Salary during last month owed to Mr. Key and Ms. Rankin $ 18.700 Government claims to unpaid taxes in Lorrect

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