Statement of Financial Position at the start of the week:

ASSETS	$
Property	700,000
Office Equipment	400,000
Inventories	180,000
Trade Receivables	120,000
Total assets	1,400,000

EQUITY AND LIABILITIES	$
Equity	1,100,000
Short-term Borrowing	130,000
Trade Payables	170,000
Total equity and liabilities	1,400,000

Transactions:

1. Sold inventories for $50,000 cash; these inventories had cost $40,000.
2. Sold inventories for $60,000 on credit; these inventories had cost $50,000.
3. Received cash from trade receivables totaling $55,000.
4. The owners of the business introduced $400,000 of their own money, which was placed in the business bank account.
5. The owners bought new networking equipment, valued at $90,000, into the business.
6. Bought inventories on credit for $50,000.
7. Paid trade payables $45,000.

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