Statement of financial position at the start of the week:

ASSETS	$
Property	270,000
Office Equipment	100,000
Inventories	60,000
Trade Receivables	50,000
Total assets	480,000

EQUITY AND LIABILITIES	$
Equity	350,000
Short-term Borrowing	70,000
Trade Payables	60,000
Total equity and liabilities	480,000

Transactions:

1. Sold inventories for $18,000 cash; these inventories had cost $12,000.
2. Sold inventories for $28,000 on credit; these inventories had cost $20,000.
3. Received cash from trade receivables totaling $22,000.
4. The owners of the business introduced $110,000 of their own money, which was placed in the business bank account.
5. The owners bought a computer system, valued at $10,000, into the business.
6. Bought inventories on credit for $25,000.
7. Paid trade payables $20,000.

Required:

Show the statement of financial position after all of these transactions have been reflected.