Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $27,300 in free cash. The following debts, totaling $48,550, remain:
Government claims to unpaid taxes | $ | 8,100 |
Salary during last month owed to Mr. Key (not an officer) | 19,925 | |
Administrative expenses | 4,550 | |
Salary during last month owed to Ms. Rankin (not an officer) | 7,325 | |
Unsecured accounts payable | 8,650 | |
Indicate how much money will be paid to the creditor associated with each debt.
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