3. San Josh Ltd went into voluntary liquidation on 30 June 2017, its summarized statement of financial position then being Current assets Share capital: Receivables 5,000 80,000 shares issued at a price Inventory 6000 of $1, called to 50c 40,000 Cash 4,000 15,000 Less: Calls in arrears (20000 Non-current assets at 250) 5,000 Land 30,000 Plant 20,000 50,000 Total assets 65,000 Current liabilities Payables 20,000 Total Equity 45,000 Net assets 45,000 All assets realised $30,000. Calls in arrears were fully collected. Payables allowed $10000 discount Costs of liquidation were $2500. Required: Record the above in the Liquidation account, the Liquidator's Cash account and the Shareholders' Distribution account