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Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,900 in free cash. The following

Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,900 in free cash. The following debts, totaling $46,550, remain:

Government claims to unpaid taxes $ 7,700
Salary during last month owed to Mr. Key (not an officer) 19,525
Administrative expenses 4,150
Salary during last month owed to Ms. Rankin (not an officer) 6,925
Unsecured accounts payable 8,250

Indicate how much money will be paid to the creditor associated with each debt.

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