Distribution to different classes of shareholders  LO8 On 1 December 2020, Leo Ltd went into liquidation. At that date, the equity of Leo Ltd comprised the following. 200 000 ‘A’ ordinary shares issued for $2 and paid to $1 $200 000 300 000 ‘B’ ordinary shares issued for $1 and fully paid 300 000 $500 000 After realising the assets and paying all creditors, the liquidator had $100 000 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 would the statement of the cash distribution to shareholders change if both ordinary shares ‘A’ and ‘B’ were fully paid at 1 December 2020? 3. How would the statement of the cash distribution to shareholders change if the ordinary shares ‘A’ were fully paid, while ordinary shares ‘B’ were only paid to 75c at 1 December 2020? 4. How would the statement of the cash distribution to shareholders change if the ordinary shares ‘A’ were partly paid to $1, while ordinary shares ‘B’ were only paid to 75c at 1 December 2020?