Uptown Cleaners Is Being Liquidated

Uptown Cleaners is being liquidated.The building has been sold for a net of $670,000 but the mortgage due is $738,000.The remaining assets were sold with net proceeds of $154,000.Administrative costs,wages and benefits,and consumer claims equal $136,000.The firm also owes $58,000 in taxes.The secured claims total $46,000 and the unsecured claims are $138,000.What percentage of their total claims will the secured creditors be paid?

A) 11.2 percent
B) 8.8 percent
C) 0 percent
D) 41.2 percent
E) 39.1 percent