1. Statement of financial position at the start of the week:

ASSETS	£
Property	200,000
Office Equipment	80,000
Inventories	35,000
Trade receivables	40,000
Total assets	355,000

EQUITY AND LIABILITIES	£
Equity	270,000
Short-term borrowing	55,000
Trade payables	30,000
Total equity and liabilities	355,000

1. Transactions:
2. (a) Sold inventories for £12,000 cash; these inventories had cost £9,000.
3. (b) Sold inventories for £25,000 on credit; these inventories had cost £18,000.
4. (c) Received cash from trade receivables totaling £20,000.
5. (d) The owners of the business introduced £120,000 of their own money, which was placed in the business bank account.
6. (e) The owners bought a delivery van, valued at £15,000, into the business.
7. (f) Bought inventories on credit for £16,000.
8. (g) Paid trade payables £14,000.
9. Required:
10. Show the statement of financial position after all of these transactions have been reflected.