You are asked by a liquidator of a company to prepare a statement of account to be placed before the meeting of the shareholders from the following particulars:
Balance Sheet of the Company as on the Date of Liquidation 1 January 2010
| Liabilities | Assets | ||
| Share Capital: | Fixed Assets | 2,00,000 | |
| 20,000 Equity | 1,60,000 | Book Debts | 1,50,000 |
| Shares of Rs. 10 | |||
| Each, Rs. 8 Called | |||
| Up | |||
| 5,000 Preference | 35,000 | Loss to Date | 50,000 |
