Julie's Tanning Systems Has an Estimated Liquidation Value (After All

Essay

Julie's Tanning Systems has an estimated liquidation value (after all prior claims have been satisfied) of $3,000,000, $1,500,000 from fixed assets, and $1,500,000 from current assets. The firm's value as a going concern is $4,000,000. The firm's current capital structure is as follows: *Secured by fixed assets.
Prepare a table indicating the amount, if any, to be distributed to each claimant, in the event of liquidation.