7. C. Sangwapo has the following items in his statement of financial position as on April 30, 2017 Capital K18,900; loan from T. Shampule K2,000; creditors K1,600; Fixtures K3,500; motor vehicle K4,200, stock of goods K4,950; debtors K3,280, cash at bank k6,450, cash in hand K120 During the last week of May 2017 Sangwapo: 1) Bought extra stock of goods K770 on credit ii) One of the debtors paid him K280 in cash. ili) Bought extra fixtures by cheque K1,000. Required: Draw up the statement of financial position as on May 7, 2017 after the above transactions have been completed