$$Problem $24-01($Liquidation$)$ Liquidation

Southwestern Wear Inc. has the following balance sheet: answers as positive values.

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:

Round your answer for monetary value to the nearest dollar and for percentage value to two decimal places.

The remaining $\backslash$$

will go to the common stockholders. They will receive only

$\backslash (\backslash \%\backslash )$ of the amount of equity on the balance sheet.