The details below were extracted from the accounting records of Great South East Ltd (a company in the process of liquidation). $ 40 000 $1 preference shares fully paid 40 000 120 000 $1 ordinary shares paid to 50 cents 60 000 100 000 Cash available (after payment of all creditors) 10 000 Assume that the constitution of Great South East Ltd states that in the event of liquidation, all shares are to rank equally, based on the number of shares held, in distributing any surplus or deficiency. For preference shareholders, what is the amount of the actual refund or call?