A fi rm has $8 million in funds to distribute to its unsecured creditors. Three possible sets of unsecured creditor claims are presented. Calculate the settlement, if any, to be received by each creditor in each case shown in the following table: Unsecured Creditors’ Claims Case I Case II Case III Unpaid balance of second mortgage $ 2,000,000 $ 2,500,000 $ 5,000,000 Accounts payable 2,500,000 3,000,000 4,000,000 Notes payable—bank 3,500,000 3,500,000 1,500,000 Unsecured bonds 4,000,000 5,000,000 5,500,000 Total $12,000,000 $14,000,000 $16,000,000