The liquidator’s of Adebayo limited has settle all creditor of the company except three owed N150,000. At the commencement of the liquidation, the company’s share capital was as follows:

The liquidator’s of Adebayo limited has settle all creditor of the company except three owed N150,000. At the commencement of the liquidation, the company’s share capital was as follows: 1,000,000 10% preference share of N1 each 85 kobo paid=850. 6,000,000 ordinary share of 50 kobo each, 30 kobo paid=1800. *If the preference share rank prior to the ordinary shares, calculate the amount of call to be made by the liquidator
N150,000
N1,000,000
450000
1200000

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