42 1.5 points The summarised balance sheet of a business before and after a transaction was as follows: Property, plant and equipment Inventory Receivables Cash and bank Total assets Non-current liabilities Current liabilities Capital Total Capital and Liabilities What business transaction took place? The business extended a short term loan of 14,200 for another two years The business raised a long term loan of 14,200 The business borrowed 28,400 repayable in two equal annual instalments starting in nine months time The business raised a short term loan of 14,200 Before After 34,220 34,220 6,844 6,844 5,133 5,133 1,637 30,037 47,834 76,234 14,350 28,550 8.168 22,368 25,316 25,316 47,834 76,234