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

£

Amounts due from customers 16 303 Fixed assets — machinery 12722 Amounts payable to creditors for materials 6 868 Bank balance 6 993 Cash on the premises 120 Amounts payable to the Inland Revenue 396 Long-term loan from sister 1 800 Fixed assets — office computer 1 060 Stocks of goods eh FPA Prepare the balance sheet for Carmela at 18 October. (Note: no figure is given for Carmela’s capital — it has to be calculated from the information given above.)