At the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the following balance sheet (in thousands of dollars). The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation under Chapter 7. Sale of the fixed assets, which were pledged as collateral to the mortgage bondholders, brought in $450,000, while the current assets were sold for another $250,000. Thus, the total proceeds from the liquidation sales were $600,000. Trustee’s costs amounted to $50,000; no single worker was due more than $2,000 in wages; and there were no unfunded pension plan liabilities. Determine the amount available for distribution to all claimants. Assets Current assets $400 Net fixed assets 600 Total assets $1,000 Liabilities and equity Accounts payable $50 Accrued taxes 40 Accrued wages 30 Notes payable 180 Total current liabilities $300 First-mortgage bondsa 300 Second-mortgage bondsa 200 Debentures 200 Subordinated debenturesb 100 Common stock 50 Retained Earnings (150) Total claims $1,000 Who are the other priority claimants, and how much will they receive from the liquidation?