1. On 1 April, Mark Thompson started a new business. During April he carried out the following transactions:

1 April: Deposited €21,000 in a newly-opened business bank account.

2 April: Bought office furniture for €6,000 cash and inventories €8,000 on credit.

3 April: Borrowed €4,000 from a relative and deposited it in the bank.

4 April: Bought a motorbike for €9,500 cash and withdrew €200 in cash for his personal use.

5 April: Bought additional office furniture costing €11,000. The motorbike bought on 4 April was given in part exchange at a value of €7,000. The balance of the purchase price for the new furniture was paid in cash.

6 April: Thompson won €3,000 in a competition and paid the amount into the business bank account. He also repaid €1,500 of the borrowings.

Required:

Prepare a financial statement of the business's equity at the end of April.