You own $28,000 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	$	412			Accrued wages (17,600 employees)	$	35
Accounts receivable		964			Unpaid employee benefits		30
Inventory		1,044			Unsecured customer deposits		50
					Accrued taxes		335
Total	$	2,420			Accounts payable		810
					Notes payable to banks		1,530
Fixed assets:					Total	$	2,790
Gross plant and equipment	$	7,259			Long-term debt:
Less: Depreciation		1,080			First mortgage	$	1,375
					Subordinate debentures		2,060
Net plant and equipment	$	6,179
					Total	$	3,435
					Stockholder's equity:
					Preferred stock (100 million shares)	$	100
					Common stock and paid-in-surplus (200 million shares)		1,500
					Retained earnings		774
					Total	$	2,374
Total assets	$	8,599			Total liabilities and equity	$	8,599

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 $1,328 million and of the firms fixed assets produced $3,612 million for a total of only $4,940 million in funds to distribute to the creditors and stockholders of the firm.

The administrative expenses associated with the bankruptcy totaled $20 million and unpaid expenses incurred after the filing of the bankruptcy petition but before the trustee was appointed totaled $15 million.

Show how the trustee will distribute the $4,940 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