The Liquidator Ascertains That the Following Amounts Are Owed to the Parties

The liquidator ascertains that the following amounts are owed to the parties of Mainstreet Ltd:
$\quad$ I. $\quad$ employees' wages $45 000
$\quad$ II. $\quad$ creditors secured by a fixed charge $110 000
$\quad$ III. $\quad$ unsecured creditors $65 000
$\quad$ IV. $\quad$ annual leave for employees $110 000
-What is the order in which these parties will be paid? (From first to last reading left to right)

A) I, II, III then IV
B) II, I, IV then III
C) I, IV, II then III
D) II, I, III then IV