Statement of financial position at the start of the week:

ASSETS	$
Property	300,000
Office Equipment	110,000
Inventories	70,000
Trade Receivables	60,000
Total assets	540,000

EQUITY AND LIABILITIES	$
Equity	400,000
Short-term Borrowing	90,000
Trade Payables	50,000
Total equity and liabilities	540,000

Transactions:

1. Sold inventories for $25,000 cash; these inventories had cost $18,000.
2. Sold inventories for $35,000 on credit; these inventories had cost $25,000.
3. Received cash from trade receivables totaling $28,000.
4. The owners of the business introduced $120,000 of their own money, which was placed in the business bank account.
5. The owners bought office furniture, valued at $12,000, into the business.
6. Bought inventories on credit for $28,000.
7. Paid trade payables $18,000.

Required:

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