Distribution to different classes of shareholders  LO8 On 1 December 2020, Cat Ltd went into liquidation. At that date, the equity of Cat Ltd comprised the following. 200 000 ‘A’ ordinary shares issued for $2 and paid to $1.55 $ 310 000 300 000 ‘B’ ordinary shares issued for $1 and fully paid 300 000 $ 610 000 After realising the assets and paying all creditors, the liquidator had $60 000 cash available to distribute to shareholders. Required 1. Prepare a statement of the distribution to shareholders supported by a detailed explanation of the apportionment of any cash among the various classes of shareholders. 2. How will the statement of the cash distribution to shareholders change if the ordinary shares ‘A’ were paid to:

(a) $1.25

(b) $1.75?