SECTION - C VI. Bekar Limited went into voluntary liquidation. The details regarding liquidation are as follows: 1. 2,000 8% preference shares of 100 each (fully paid-up) 2. Class A-2,000 equity shares of 100 each (875 paid-up) 3. Class B-1,600 equity shares of 2100 (60 paid-up) 4. Class C-1,400 equity shares of 100 each 50 paid-up) Assets including machinery realized 34,20,000. Liquidation expenses amount to 15,000. Bekar Limited has borrowed a loan of 50,000 from Patel Brothers against the mortgage of machinery (which realized 80,500). In the books of the company salaries of four clerks for four months at a rate of 3300 per month and salaries of four peons for three months at a rate of 150 per month, are outstanding. In addition to this, the company's books show the creditors worth 87,400. Prepare liquidator's statement of receipts and payments. (15) P.T.O