1. Prepare a statement of financial position in the standard vertical format incorporating these figures. (Hint: There is a missing figure which needs to be deduced and inserted.)

2. Discuss the significant features revealed by this financial report.

Bank overdraft 22,000 Freehold land and buildings 245,000 Inventory of raw materials 18,000 Accounts payable 23,000 Plant and machinery 127,000 Loan from National Australia Bank 100,000 Inventory of finished goods 28,000 Delivery vehicles 54,000 Accounts receivable 34,000