The balance sheet of Seafield Ltd at 31 December 2004 shows the following balances:

The relevant price indices for trade debtors and trade creditors are:

Required:

Using the above information, calculate the monetary working capital adjustment at 31 December 2004 for Seafield Ltd.

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Trade debtors Trade creditors 31 December 2004 35,000 25,000 31 December 2003 30,000 23,000