$\backslash$table$[[$Liabilities$,$T$,,$Assets,$],[$Share Capital:,,,Land and Buildings,$200000],[$Authorized and Subscribed:,,,Plamt and Machinery,$500000],[40006\%$ Preference Shares of $2100,,,$Patents,$80000],[$each$,400000,,$Stock at Cost,$110000],[2000$ Equity Shares of $2100$ each,,,Sundry Debtors,$220000],[575$ paid$-$up$,150000,,$Cash at Bank,$60000],[6000$ Equity Shares of $100$ each,,,,Profit and Loss Account,$240000],[$Z$60$ share paid$-$up$,360000,910000,,],[\backslash$table$[[5\%$ Debentures $($having a floating$],[$charge co all assets$)]],,200000,,],[$Interest Outstanding on Debentures,,,,$],[($also sccured as above$),,10000,,],[$Creditars$,,290000,,],[,,1410000,,1410000]]$

On that dare, the company went into Liquidation. The dividends on preference shares were is arrears for two years. The arrears are puyable on liquidation as per the Articles of the company. Creditors include a loan of $$1,00,000$ on Mortgage on Land and Building. The lssets realized as under.

$\backslash$table$[[$Land & Buildings,$2,40,000$