Q2. A Itd went into liquidation on 31.3.2021. The Balance sheet was as under on 31.03.2021. Amount (Rupees) Assets Amount (Rupees) Liabilities 10,000, 5% Preference shares (10 each) 15000 Equity shares Rs 10 each 5% Debentures secured against Propertyl Income Tax Creditors Bank Overdraft 1,00,000 Property 1,50,000 plant and Machinery 40,000 Stock Cash 5,000 Debtors 55,000 Profit and loss 25,000 3,75,000 1,00,000 70,000 75,000 10,000 50,000 70,000 3,75,000 Additional information: :) Interest on debentures was paid upto 31.03.2019 ii) Preference dividend was in arrears for one year. i) Assets were realized as follows: Property Rs. 150,000; Plant and Machinery Rs. 65000; Stock Rs. 70,000 and Debtors Rs. 45,000 iv) Liquidation expenses Rs. 3,500. Liquidator's remuneration was fixed Rs 1000 plus 2% on all assets realized except cash. v) Creditors include preferential creditors amounting to Rs. 5000. Prepare Liquidator's Final Statement of Account (12 marks)