From the following information prepare the balance sheet of Jam Ltd.

Inventories $ 700,000; 

Equity Share Capital $1,600,000; 

Plant and Machinery $. 800,000; 

8% Preference Share Capital $. 600,000; 

General Reserves $. 600,000; 

Bills payable $. 150,000; 

Provision for taxation $. 250,000; 

Land and Building $. 1,600,000; 

Non-current Investments $. 1,000,000; 

Cash at Bank $. 500,000; 

Creditors $. 200,000; 12% 

Debentures $. 1,200,000.