Brandenburg Inc Has Become Bankrupt

Brandenburg Inc has become bankrupt.It has assets worth a total of $200 000.It has five creditors.Sebastien is owed $50 000 and holds security over an asset that is worth $100 000.Johann is owed $50 000 in wages.Bach Corp is owed $200 000.Goldberg Inc and Fugue Ltd are each owed $100 000.Which of the following statements is TRUE?

A) If the court finds that Goldberg received a preference, that will mean that Goldberg is entitled to be paid before Fugue.
B) Sebastien is entitled to receive $100 000 as a result of its security.
C) Bach is entitled to receive a total of $50 000.
D) Goldberg and Fugue are each entitled to receive nothing.
E) Sebastien is entitled to receive less than $50 000.