1. On 1 October, Benjamin Moore started a new business. During October he carried out the following transactions:

1 October: Deposited €27,000 in a newly-opened business bank account.

2 October: Bought shop fittings for €6,000 cash and inventories €8,500 on credit.

3 October: Borrowed €5,000 from a relative and deposited it in the bank.

4 October: Bought a motorbike for €10,500 cash and withdrew €400 in cash for his own use.

5 October: Bought additional shop fittings costing €13,000. The motorbike bought on 4 October was given in part exchange at a value of €7,500. The balance of the purchase price for the new fittings was paid in cash.

6 October: Moore won €3,500 in a lottery and paid the amount into the business bank account. He also repaid €2,000 of the borrowings.

Required:

Prepare a financial statement of equity for the business at the end of October.