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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $25,800 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 $25,800 in free cash. The following debts, totaling $41,050, remain: Government claims to unpaid taxes $ 6,600 Salary during last month owed to Mr. Key (not an officer 18,425 Administrative expenses 3,050 Salary during last month owed to Ms. Rankin Inot an officer) 5,825 Unsecured accounts payable 7,150 Indicate how much money will be paid to the creditor associated with each debt. Amounts $ 3.050 Types of Debt Administrative expenses Salary during last month owed to Mt. Key and Ms. Rankin Government aims to unpaid taxes

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