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 = $102
• Administration expenses associated with the bankruptcy = $5
• Notes payable to the banks = $205
• Subordinated debentures = $350
• Taxes due to federal,state,and other governmental agencies = $17
• Wages due employees (2,000 employees) = $6

A) $265
B) $367
C) $267
D) $369