LD IncDeclared Bankruptcy Through a Chapter 7 Filing

LD Inc.declared bankruptcy through a Chapter 7 filing.Consider the following data in millions of dollars and determine the funds available for secured creditors.
• Proceeds from the liquidation of assets = $395
• First mortgage = $100
• Administration expenses associated with the bankruptcy = $2
• Notes payable to the banks = $205
• Subordinated debentures = $350
• Taxes due to federal,state,and other governmental agencies = $12
• Wages due employees (1,000 employees) = $3

A) $379
B) $378
C) $278
D) $279