Funga Ltd was incorporated with an authorized capital of 50,000 Ordinary shares of shs 10 each. On 1st April 2001, when the winding up order was made on it, it had 30,000 of these shares in issue, sh. 7 per share called up. These shares had been issued at a premium of sh. 1 each. 200 of these shares are in arrear for the first call of sh.2 per share. One shareholder holding fifty of these shares in arrear cannot be traced. This company also had two classes of Debentures in issue. 9% Debentures of shs 100,000 is secured on plant and machinery, appearing in the books at shs 140,000, but expected to realize only sh. 90,000. 6% Debentures of sh. 50,000 have a floating charge on the current assets of the company. Stock in trade, appearing in the books on this date at sh.122,800 and debtors appearing at sh.92,600 are expected to realize sh. 64,500 and 56,200 respectively. The company had a bank balance on this date of sh. 3,200. Current liabilities of the company on this date are made up of the following; Trade creditors and non preferential accrued expenses sh. 109,400 9% Debentures interest 4,500 6% Debentures interest 3,000 Preferential creditors 38,200 Bank overdraft 52,400 The bank overdraft was secured on motor vehicles appearing in the books at sh. 84,000 and expected to realize sh. 90,000. Profit and Loss account had a debit balance on 31 March 2001 of sh. 94,500. The records of operating results of the company are as follows; Year ended 31 December 1998 Net profit sh.72,200 Year ended 31 December 1999 Net loss sh.16,800 Year ended 31 December 2000 Net loss sh.96,600 Three months to 31st March 2001 Net loss sh.26,400 The last dividend declared by the company was 20% of called up capital declared in respect of the year ended 31st December 1998. The only remaining asset appearing in the books of the company is Goodwill which is not realizable in winding up. Workers compensation amounting to sh. 46,500 will become payable on cessation of business. Required: A statement of affairs as at 1st April 2001 and a Deficiency account for the period from 1st January 1998 to the date of winding up order.