Corona limited went into voluntary liquidation on 31st May 2020.its summarised statement of financial position then being as follows: in da pic.

Prepare the following ledger accounts:

1. Liquidation account

2. Cash at bank account

3. Shareholder's distribution accounts

Corona Limited Statement of Financial Position As At 31" May 2020 Current S S Assets $ Current 5 S Receivables Liabilities 8.000 Creditors 20,000 Less: provision for 3.000 5,000 doubtful debts Inventory 12,000 Cash Equity 4,000 21,000 Share capital: Non-current 120 000 Assets shares issued 120,000 at a price of $1 Land Less: calls in 20,000 arrears 14.000 106,000 Less: accumulated 5.000 15,000 depreciation Plant 100,000 less: 10,000 90,000 105,000 accumulated depreciation 126,000 126,000 Additional Information: 1. All assets realized $150 000. 2. Calls in arrears were fully collected. 3. Payables allowed $50 discount. 4. Costs of liquidation were $3000