Check my work Check My Work button is now enabled5Item 5 Item 5 3 points Creditors of Jones Corporation are considering petitioning the courts to force the company into Chapter 7 bankruptcy. The following information has been determined. Administrative expenses in connection with the liquidation are estimated to be $44,000. Book Value Net Realizable Value Cash $ 28,000 $ 28,000 Accounts receivable 54,000 40,000 Inventory 67,000 53,000 Supplies 25,000 0 Investments 24,000 30,000 Land 82,000 94,000 Buildings 112,000 90,000 Equipment 72,000 57,000 Notes payable (secured by land) 87,000 Notes payable (secured by buildings) 122,000 Bonds payable (secured by equipment) 159,000 Accounts payable 92,000 Salaries payable (two weeks salary for three employees) 28,000 Taxes payable 18,200 What is the amount of money that each class of creditors can anticipate receiving? Check my work Check My Work button is now enabled5Item 5 Item 5 3 points Creditors of Jones Corporation are considering petitioning the courts to force the company into Chapter 7 bankruptcy. The following information has been determined. Administrative expenses in connection with the liquidation are estimated to be $44,000.

book value net realiable value

Cash	$	28,000	$	28,000
Accounts receivable		54,000		40,000
Inventory		67,000		53,000
Supplies		25,000		0
Investments		24,000		30,000
Land		82,000		94,000
Buildings		112,000		90,000
Equipment		72,000		57,000
Notes payable (secured by land)		87,000
Notes payable (secured by buildings)		122,000
Bonds payable (secured by equipment)		159,000
Accounts payable		92,000
Salaries payable (two weeks salary for three employees)		28,000
Taxes payable		18,200
What is the amount of money that each class of creditors can anticipate receiving? free asssets liabilities with priority free assets after payment of liabilities priority unsecured liabilities paymnets of notes payable secure land payments of note payablle secured by buldings payments of bonds payable payments of accounts payable payments of salaries payable payments of taxes payable payments of administrative expenses