1. On 1 October, Emily Davis started a new business. During October she carried out the following transactions:
   • 1 October: Deposited $28,000 in a newly-opened business bank account.
   • 2 October: Bought office furniture for $5,500 cash and inventories $8,500 on credit.
   • 3 October: Borrowed $4,500 from a relative and deposited it in the bank.
   • 4 October: Bought a delivery vehicle for $12,000 cash and withdrew $400 in cash for her own use.
   • 5 October: Bought a further delivery vehicle costing $18,000. The vehicle bought on 4 October was given in part exchange at a value of $9,000. The balance of the purchase price for the new vehicle was paid in cash.
   • 6 October: Davis won $3,500 in a lottery and paid the amount into the business bank account. She also repaid $1,500 of the borrowings.

Required: Draw up a statement of financial position for the business at the end of each day.