The Trustee in the Bankruptcy Settlement for the Edsel Corp

The trustee in the bankruptcy settlement for the Edsel Corp. lists the following book values and liquidation values for the assets of the corporation. Liabilities and shareholders' claims are shown below. $\begin{array}{lrr}\text { Assets }&\text {Book Value}&\text {Liquidation Value}\\\text { Accounts receivable } & \$ 100,000 & \$ 50,000 \\\text { Inventory } & 100,000 & 80,000 \\\text { Machinery and } & 300,000 & 150,000\\\text { equipment }\\ \text { Building and plant }&500,000&120,000\\&\$1,000,000&\$400,000\end{array}$

$\text { Liabilities and Shareholders' Claims }$

$\begin{array}{ll}\text { Liabilities }\\\text { Accounts payable } & \$ 100,000 \\\text { 1st lien, secured by machinery } & \\\quad \text { and equipment } & 250,000 \\\text { Senior debt unsecured } & 100,000 \\\text { Subordinated debentures } & \underline{150,000} \\\text { Total liabilities } & \$ 600,000\end{array}$

$\begin{array}{ll}\text { Shareholders' Claims }\\\text { Preferred stock } & \$ 100.000 \\\text { Common stock } & \underline{250.000} \\\text { Total shareholders' claims } & \$ 350.000\end{array}$
Assume the administrative costs of bankruptcy, workers allowable wages and source deductions add up to $100,000. (Administrative costs $75,000)
Indicate how much (in dollars) the following parties will receive in liquidation:
A) Common shareholders
B) Secured creditor holding the first lien
C) Senior unsecured debt holder