1. On 1 September, Sophia Lewis started a new business. During September she carried out the following transactions:

1 September: Deposited £25,000 in a newly-opened business bank account.

2 September: Bought office equipment for £6,500 cash and inventories £8,000 on credit.

3 September: Borrowed £4,500 from a bank and deposited it in the bank.

4 September: Bought a scooter for £9,500 cash and withdrew £200 in cash for her own use.

5 September: Bought additional office equipment costing £12,000. The scooter bought on 4 September was given in part exchange at a value of £7,500. The balance of the purchase price for the new equipment was paid in cash.

6 September: Lewis received £3,500 from a client and paid the amount into the business bank account. She also repaid £2,000 of the borrowings.

Required:

Draw up a statement of financial position for the business at the end of September.