1. Chapter 7 When the Beacon Computer Company filed for bankruptcy under Chapter 7 of the U.S. bankruptcy code, it had the following balance sheet information: Liquidating Value Claims Trade credit Secured mortgage notes Senior debentures Junior debentures Equity $ 4,900 7,600 13,000 16,000 -5,900 Total assets $35,600 Assuming there are no legal fees associated with the bankruptcy, as a trustee, what dis- tribution of liquidating value do you propose? 2. Chapter 11 When the Master Printing Company filed for bankruptcy, it filed under Chapter 11 of the U.S. bankruptcy code. Key information is shown here: Assets Claims Mortgage bonds Senior debentures Junior debentures Book equity $27,000 12,100 8,500 -10,100 Going concern value $37,500 As a trustee, what reorganization plan would you accept