2.9 The following list of balances relate to the business of C. Forest at 31 December 20X2:

£

Plant and machinery 26,500 Stock 14,200 Loan repayable June 20X3 2,500 Capital of C. Forest at 1 January 20X2 52,380 Trade creditors 10,600 Trade debtors 14,100 Cash-in-hand 270 Bank overdraft 3,940 Profit for 20X2 12,600 Owner’s drawings during 20X2 10,950 Loan repayable 20X9 9,000 Premises 25,000 The balance sheet of C. Forest’s business at 31 December 20X2 presented in good style.