financial position at that date is as follows: Styles Equity Share capital Lizard Ltd Statement of Financial Position As at 30 June 2021 Current assets 43 000 Cash Inventory Non-current assets Land Total assets 8 000 4 000 12 000 41 000 53 000 Current liabilities Payables 10 000 Total equity 43 000 Net assets 43 000 Page 8 of 10 Deferred End of Sorresten & Trimesto TA 2020 ACCT300M Company Accounting All assets realised amounted to $55 000. Payables allowed an $800 discount. Costs of liquidation were $7 000. Required (1) Complete the journal entries to liquidation. The narrations for the joumal entries have been provided to you as additional guidance, (11% marks) Record the entries in the Liquidation account, the Liquidators receipts & payments, and the Shareholders distribution account, (12% marks) (11)