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Current assets $ 400 Account payable $ 50 Net fixed assets 600 Accrued taxes 40 Accrued wages 30 Notes payable 180 Total current liabilities $ 300...
I am looking for help with section C on the question below.
Current assets$ 400Account payable$50Net fixed assets600Accrued taxes40Accrued wages30Notes payable180Total current liabilities$ 300First-mortgage bonds*300Second-mortgage bonds*200Debentures200Subordinated debentures**100Common stock50Retained earnings-150Total assets$1,000Total claims$1,000Notes:*All fixed assets are pledged as collateral to the mortgage bonds.**Subordinated to notes payable only.a. How much will McDaniel's shareholders receive from the liquidation? Round your answer to the nearest dollar.$b. How much will the mortgage bondholders receive? Round your answer to the nearest dollar.$440000c. How much will other priority claimants receive from the liquidation? Round your answers to the nearest dollar. Do not round intermediate calculations.ClaimantAmountTrustee's expenses45000Workers' wages dueS0XGovernments' taxes due$Total0