Prepare Balance Sheet as at 31 December 2018. All values should be whole numbers of thousands of dollars and all values should be positive except for depreciation.

Financial Information: The company was initially set up by issuing 240,000 shares at an issue price of $1 each. A factory was purchased at a cost of $500,000. The new factory was largely financed by taking out a $420,000 mortgage loan. In addition to the mortgage loan, the company took out a $607, 000 interest-only unsecured bank loan. In addition to the factory, the company purchased the following: Plant and Equipment to the value of $280, 000. Furniture, Fixtures and Fittings to the value of $140,000. Inventory to the value of $199, 000. All of the above transactions occurred late in December 2018. Any cash remaining after these purchases was put into a bank account. Additional Information: Depreciation on motor vehicles, plant and equipment and furniture, fixtures and fittings is calculate on a straight-line basis at the rate of 10% per year. Land and Buildings is not depreciated. The company faces a tax rate of 30%. The company's Dividend Payout Ratio is 70%