Samuel Ltd went into voluntary liquidation on 30 June 2018, its summarised statement of financial position then being: Liabilities and Equity Samuel Ltd Statement of Financial Position As at 30 June 2018 Assets Share capital: 150,000 shares fully paid $ 300,000 Land and Buildings less accum depreciation $ 435,000 (220,000) Retained earnings 20,000 215,000 Equipment loan 180,000 Equipment (carrying amt) 192,000 Accounts payable Other payables 73,000 Cash at Bank 32,500 62,000 Inventories 108,000 Accounts receivable 87,500 $ 635,000 $ 635,000 The assets were realised by the liquidator as follows: Land and Buildings Inventories Accounts receivable $220,000 (before selling expenses of $22,000) 95,000 85,500 Other Payables allowed $11,000 discount, Accounts payable were paid in full. Other costs included liquidation costs of $8,500; Liquidator's remuneration $25,000; Employee entitlements $9,500. The mortgage holder sold the equipment for $208,000. Required: Record the above in the 1. Liquidation account, 2. Liquidator's Cash account and 3. Shareholders' Distribution account.