You own $25,000 in subordinated debt of Local Crossings, Inc., which declared bankruptcy on May 15, 2015. Local Crossings balance sheet at the time of the bankruptcy filing is listed below.

LOCAL CROSSINGS, INC. Balance Sheet as of May 15, 2015 (in millions of dollars)
Assets					Liabilities and Equity
Current assets:					Current liabilities:
Cash and marketable securities	$	406			Accrued (wages 10,500 employees)	$	20
Accounts receivable		978			Unpaid employee benefits		15
Inventory		1,038			Unsecured customer deposits		50
					Accrued taxes		375
Total	$	2,422			Accounts payable		841
					Notes payable to banks		1,518
Fixed assets:					Total	$	2,819
Gross plant and equipment	$	7,253			Long-term debt:
Less: Depreciation		1,050			First mortgage	$	1,200
					Subordinate debentures		2,018
Net plant and equipment	$	6,203
					Total	$	3,218
					Stockholder's equity:
					Preferred stock (100 million shares)	$	100
					Common stock and paid-in-surplus (200 million shares)		1,500
					Retained earnings		988
					Total	$	2,588
Total assets	$	8,625			Total liabilities and equity	$	8,625

The accrued wages were earned within the last 90 days prior to filing for bankruptcy. The unpaid employee benefits were due in the six months prior to the filing for bankruptcy. The unsecured customer deposits are for less than $900 each. Local Crossings, Inc., has no property taxes past due. The first mortgage is secured against the fixed assets of the firm. The debentures are subordinate to the notes payable to banks. The liquidation of the firms current assets produced $1,298 million and of the firms fixed assets produced $3,552 million for a total of only $4,850 million in funds to distribute to the creditors and stockholders of the firm.

The administrative expenses associated with the bankruptcy totaled $15 million and unpaid expenses incurred after the filing of the bankruptcy petition but before the trustee was appointed totaled $10 million.

Show how the trustee will distribute the $4,850 million of funds among the Local Crossings creditors and stockholders. (Enter your answers in millions of dollars rounded to 2 decimal places.)

Proceeds from liquidation of assets:	$
Administrative expenses associated with the bankruptcy proceedings
Unpaid expenses incurred after the filing of the bankruptcy petition but before the trustee is appointed
Wages due to employees
Unpaid employee benefit plan contributions
Unsecured customer claims
Taxes due to federal, state, and other government agencies
Funds available for secured creditors:	$
First mortgage
Funds available for unsecured creditors:	$

Unsecured Creditors	Amount		Settlement		Distribution after subordinate adjustment		Percent of claim received
Accounts payable	$ m		$ m		$ m			%
Notes payable to banks	m		m		m
Subordinate debentures	m		m		m
Total	$ m		$ m		$ m