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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $27,600 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 $27,600 in free cash. The following debts, totaling $50,050, remain: $ 8,400 Government claim to unpaid taxes Salary during lant month oved to Mr. Key (not an officer) Administrative expenses Salary during last month oved to Ms. Rankin not an officer) Unnecured accounts payable 20,225 4,850 7,625 8,950 Indicate how much money will be paid to the creditor associated with each debt Types of Debt Amounts

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