On 30 April 2019, Moth Ltd went into voluntary liquidation. At that date, equity comprised:

	Share capital: 100 000 preference shares issued for $2 and fully paid 220 000 ordinary shares issued for $2 and fully paid 160 000 A ordinary shares issued for $2 and paid to 1.20c 20 000 B ordinary shares issued for $2, called and paid to $1		$ 200 000 440 000 192 000 20 000
	Retained earnings		852 000 (512 000)
	Total equity		$ 340 000

The liquidator proceeded to realise all of the companys assets. The loss on liquidation amounted to $128 000 and, after paying sundry creditors, there was a cash balance of $212 000 available for distribution to the shareholders. (The constitution gives preference shareholders a prior claim to return of capital, and other shareholders are to rank equally, based on the number of shares held.)

Required

Prepare a statement of the distribution to shareholders supported by a detailed explanation of the apportionment of any cash among the various classes of shareholders.