Problem $2$: Statement $of$ Realization and Liquidation

Sad Corporation $is$ under liquidation. $Asof$ April $30,20x1,$ the statement $of$ realization and liquidation presents the following data:

CORPORAIE LIOUIDATION $259$

Required: Compute the following:

The net gain $(loss)on$ realization and liquidation.

The ending balance $of$ cash, assuming the ordinary $isP600,000$ and the

deficit $isP200,000at$ the end $of$ April.