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At the time it defaulted on its interest payments and filed for bankruptcy. The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation. The sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, brought in $490,000, while the current assets were sold for another $230,000. Thus, the total proceeds from the liquidation sale were $720,000. The trustee's costs amounted to $65,000; no single worker was due more than $2,000 in wages; and there were no unfunded pension plan liabilities. How much will McDaniel's shareholders receive from the liquidation? If your answer is zero, enter "0". Round your answer to the nearest dollar. $ fill in the blank How much will the mortgage bondholders receive? If your answer is zero, enter "0". Round your answer to the nearest dollar. $ fill in the blank How much will other priority claimants receive from the liquidation? Do not round intermediate calculations. Round your answers to the nearest dollar. Claimant Amount Trustee's expenses $ fill in the blank Workers' wages due $ fill in the blank Governments' taxes due $ fill in the blank Total $ fill in the blank How much will the remaining general creditors receive from the distribution before subordination adjustment? If your answer is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest dollar. Account Amount Received Accounts payable $ fill in the blank Notes payable $ fill in the blank Second mortgage bonds $ fill in the blank Debentures $ fill in the blank Subordinated debentures $ fill in the blank Total $ fill in the blank What is the effect of adjusting for subordination? If your answer is zero, enter "0". Do not round intermediate calculations. Round your answers to the nearest dollar. Account Amount Received after subordination adjustment Notes payable $ fill in the blank Subordinated debentures $ fill in the blank

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