2.21 Carmela’s business has the following balances at 18 October 20X6:

£

Amounts due from customers 16,303 Non-current assets: machinery 12,722 Amounts payable to suppliers for materials 6,868 Bank balance 6,993 Cash on the premises 120 Amounts payable to the HMRC 396 Long-term loan from sister 1,800 Non-current assets: office computer 1,060 Inventory of goods 17,721 Prepare the statement of financial position for Carmela at 18 October 20X6.

NB: no figure is given for Carmela’s capital – it has to be calculated from the information given above.