Twelve months ago Linda Evangelista decided that she wanted to grow grapes and eventually produce wine. The business is called The Model’s Vineyard Ltd and the transactions below are for the year ending 30 June 20x3.

Required 

Prepare a balance sheet for The Model’s Vineyard Ltd as at 30 June 20x3 and calculate the amount of capital deposited on 1 June.
Use the blank balance sheet provided below.

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Transactions: 20x3 Jul. 2 An account in the name of the business was opened and an amount of cash capital deposited. Sept. 15 Purchased land and sheds for $125,000 paying $35,000 cash as the deposit and a mortgage from the bank for the balance. Repayments to the bank are to begin in one year's time. Nov. 21 Equipment including a tractor and farming implements were purchased for $28,000 cash. Mar. 14 Purchased an additional tractor paying $10,000 cash. Jun. 11 Purchased farm supplies including fertiliser and minerals totalling $8,000 and paid with a cheque. 30 The balance of the bank account is $49,000.