The H. Quigley Marble Company has the following balance sheet:

The debentures are subordinated only to the notes payable. Suppose the company goes bankrupt and is liquidated, with $1,800 being received from the sale of the fixed assets, which were pledged as security for the first and second mortgage bonds, and $2,880 received from the sale of current assets. The trustee's costs total $480. How much will each class of investors receive?

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Accounts payable Notes payable (to bank) Accrued taxes $1,080 540 180 180 $1,980 $5,040 2,700 Current assets Fixed assets Wa Total current liabilities First mortgage bonds e bonds $1,800 1,080 $4,860 360 2,520 Total mortgage bonds Subordinated debentures Preferred stock Common stock Total liabilities and equity Total assets $7,740