Model: Liquidator’s final statement of A/c ED Ltd. went into liquidation with the following liabilities:
| Secured Creditors | ? | Rs.50,000 |
| Preferential Creditors | ? | Rs.2,400 |
| Unsecured Creditors | ? | Rs.1,22,000 |
| Liquidation Expenses | ? | Rs.1,000 |
Securities realized Rs.1,00,000; the liquidator is entitled to a remuneration of 3% on the amount realized (including securities in the banks of secured creditors) and 1.5% on the amount distributing to the unsecured creditors. The various assets (excluding the securities in the hands of the secured creditors) realized Rs.1,04,000. Prepare the liquidator’s statement of account showing the payment made to unsecured creditors.