Question: 4. Develop a table which shows the distribution of the expected proceeds to the priority claimants; that is, those claimants who have precedence over the

4. Develop a table which shows the distribution of the expected proceeds to the priority

claimants"; that is, those claimants who have precedence over the general creditors. What dollar amount of proceeds would remain after the priority claimants had been paid? (Hint: Complete the top part of Table 2.)

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