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Question 2 On 8 December 2023, Lesscash Ltd went into liquidation. At that date, the equity of Lesscash Ltd comprised the following. 200 000 200 000 preference shares fully paid to $1, to be redeemed for $1.20 150 000 'A' ordinary shares issued for $1 and paid to 75c 112 500 250 000 'B' ordinary shares issued for $2 and paid to $1.50. 375 000 $687 500 After realising the assets and paying all creditors, the liquidator had $277 500 cash available to distribute to shareholders. The order of priority provided in the constitution for repayment of capital is: (1) preference and (2) ordinary. Required 1. Prepare a statement of the distribution to shareholders that presents the amount paid by or received by the various classes of shareholders