Distribution of proceeds on liquidation: Proceeds from the sale of assets Less: 1. First mortgage (paid...

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Distribution of proceeds on liquidation: Proceeds from the sale of assets Less: 1. First mortgage (paid from the sale of fixed assets) 2. Fees and expenses of bankruptcy 3. Wages due to workers within 3 months of bankruptcy 4. Taxes due to federal, state, and local governments 5. Unfunded pension liabilities Funds available for distribution to general creditors Distribution to general creditors: General Creditors' Claims (1) Accounts payable Notes payable Subordinated debentures Total $ Application of 100% Amount of Claim Distribution (2) (3) $ Distribution after Subordination Adjustment (4) $ Percentage of Original Claim Received (5) % Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. The remaining $ will go to the common stockholders. They will receive only % of the amount of equity on the balance sheet. Distribution of proceeds on liquidation: Proceeds from the sale of assets Less: 1. First mortgage (paid from the sale of fixed assets) 2. Fees and expenses of bankruptcy 3. Wages due to workers within 3 months of bankruptcy 4. Taxes due to federal, state, and local governments 5. Unfunded pension liabilities Funds available for distribution to general creditors Distribution to general creditors: General Creditors' Claims (1) Accounts payable Notes payable Subordinated debentures Total $ Application of 100% Amount of Claim Distribution (2) (3) $ Distribution after Subordination Adjustment (4) $ Percentage of Original Claim Received (5) % Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places. The remaining $ will go to the common stockholders. They will receive only % of the amount of equity on the balance sheet.