Question: Please show work Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $25,700 in free

Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $25,700 in free cash. The following debts, totaling $40,550, remain: Government cla ims to unpaid taxes Salary during last month owed to Mr. Key (not an officer) Administrative expenses Salary during last month owed to Ms. Rankin (not an officer) $6,500 18,325 2,950 5,725 7.050 Unsecured accounts pavable Indicate how much money will be paid to the creditor associated with each debt. Types of Debts Amounts Administrative expenses Salary during last month owed to Mr. Key and Ms. Rankin Government claims to unpaid taxes 2,950
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