Position statement. Transactions: Purchase stock costing $8,000 on credit from suppliers. Stock Take sheets indicate that stock costing $3,000 is on hand at the end of these transactions. The Sales Records show that selling prices and volumes sold yielded $10,000 revenue which was all sold on credit. Paid Wages of $2,000 in cash. Collected $5,000 in cash from debtors. Paid Creditors $5,000 in cash