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Xavier Company is going throurh a chapter 7 bankruptcy. All asseta have been liquidated, and the company retains only $26,000 in free cash. The following

Xavier Company is going throurh a chapter 7 bankruptcy. All asseta have been liquidated, and the company retains only $26,000 in free cash. The following debts, totaling $43,050, remain:

Goverment claims to unpaid taxes $ 7,000

Salary during last month owed to Mr. key(not an officer) 18,825

Administrative expenses 3,450

Salary during last month owed to Ms. Rankin(not an officer) 6,225

Unsecured accounts payable 7,550

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

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