On 30 April 2023, Ginkus Ltd went into voluntary liquidation. At that date, equity comprised: Share capital: 100000 preference shares issued for $2 and fully paid 220000 ordinary shares issued for $2 and fully paid 160000 ' A ' ordinary shares issued for $2 and paid to 1.20 20000 B' ordinary shares issued for $2, called and paid to $1 Retained earnings Total equity The liquidator proceeded to realise all of the company's assets. The loss on liquidation amounted to $128000 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 iny cash among the various classes of shareholders. (15 marks)