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Company X produces spare parts for product A as well as runs trading activities. The opening balance of X was as follows: ASSETS Inventories: EQUITY & LIABILITIES Shareholders' 50 000 Equity 5 000 Liabilities 50 000 15 000 for Materials* Goods resale** Remaining assets Total assets *Materials 500 pcs. x 4/u 1 000 pcs x 3/u Goods for resale 1 000 pcs 15/u 80 000 100 000 100 000 In period n, the following events occurred: 1. Sale of goods for sale valued at 10 000 for the amount of 14 000. 2. Purchase of materials: purchase price - 6 000, transport costs 500 (unit price of the purchase is 6, 1 000 pcs. were purchased). 3. Consumption of materials - 1 200 pcs. 4. Salaries for direct employees - 1 000 (accrued only). 5. 1000 pieces of materials appeared not to be useful in production. Net selling price was 2 per unit. 6. During goods stocktaking, 50 pieces of goods for resale appeared to be missing. Required: Present financial statements, assuming the following accounting policy: 1. Goods for resale and materials are valued at cost of purchase. 2. An inventory cost formula used is FIFO (for goods for resale and materials)