Blackboard Remaining Time 3hours, 07 minutes, 54 seconds Question Completion Status On 17 March 2021, Gumption Ltd went into voluntary liquidation. At that date, the equity was made op Share capital: 140,000 preference shares issued for S2 and fully paid 308.000 ordinary shares issued for S2 and fully paid 224,000 'A' ordinary shares issued for S2 and paid to 1.50 28,000 'B' ordinary shares issued for S2, called and paid to $1 $ 280,000 610,000 336,000 28.000 1.260,000 758.000) S502.000 Retained eamings Total equity The liquidator realised the company's assets which, after paying the creditors, resulted in a liquidation loss of S138,000 and a cash balance of $364,000 available for distribution to the shareholders. (The preference shareholders, under the constitution of the company have a prior claim to return of capital, with all other shareholders ranking equally based on the number of shares held.) Required Preoare a detailed explanation of the aboortionment of any cash among the various classes of shareholders w Sand Stowand mit Chek Saw. Andra www Saved Submit