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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26.500 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 $26.500 in free cash. The following debts, totaling $44,550, remain $ 7,300 Government claims to unpaid taxes Salary during last month owed to Mr. Key (not on officer) Administrative expenses Salary during last month oned to Ms. Rankin (not 19.125 3,750 6,525 Unsecured accounts payable Indicate how much money will be paid to the creditor associated with each debt Types of Debts Amounts Administrative expenses Government aims to unpaid taxes Salary during last month owed to Mr. Key and Ms. Rankin Unsecured accounts payable

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