=+LG 5 P18–15 Voluntary settlements: Payments Storm Financial Ltd. recently ran into certain financial difficulties that have resulted in the initiation of voluntary settlement procedures. The firm currently has A$500,000 in outstanding debts and approximately A$150,000 in liquidatable short-term assets. Indicate, for each of the following plans, whether it is an extension, a composition, or a combination of the two. Also indicate the cash payments and timing of the payments required of the firm under each plan.