Sales revenue 14,800 Purchases 8,280 Inventory at 1 July 2019 1,390 Distribution costs 1,080 Administrative expenses 1,460 Land at valuation 10,500 Buildings: cost 8,000 Accumulated depreciation at 1 July 2019 2,130 Plant and equipment: cost 12,800 Accumulated depreciation at 1 July 2019 2,480 Trade accounts receivable and payable 4,120 2,240 Cash at bank 160 Ordinary shares of 50c each: as at 1 July 2019 10,000 Issued during year 4,000 Share premium account: as at 1 July 2019 2,000 Premium arising on shares issued during year 2,000 Revaluation reserve as at 1 July 2019 3,000 Accumulated profits 3,140 10% loan notes (redeemable 2029) issued 1 April 2019 with interest payable 31 March and so September each year 2,000 47,790 47,790