(10 Question 3: Liquidation Marks Study the information and answer the questions that follow. STAR COMPANY LIMITED Statement of Financial Position As At 30th June 2021 Current Liabilities Current Assets Debtors Inventory Cash Creditors 40,000 30,000 20,000 15,000 65,000 Long Term Liability Mortgage 135,000 Fixed Assets Land Buildings Plant Equity 100,000 50,000 80,000 230,000 Share Capital 120,000 shares issued at a price of 120,000 $1 $295,000 $295,000 Page 2 of 3 Additional Information: . All assets realized or sold at $150,000 Costs of liquidation were $10,000 10% Discount was received from creditors . Mortgage was paid in full Required: Prepare the following A. General journal entries to record the above transactions (2.5 Marks) B. Liquidation account (2.5 Marks) C. Cash account (2.5 Marks) D. Shareholders' distribution account (2.5 Marks)