Statement of Financial Position at the start of the week:

ASSETS	$
Property	800,000
Office Equipment	500,000
Inventories	220,000
Trade Receivables	140,000
Total assets	1,660,000

EQUITY AND LIABILITIES	$
Equity	1,300,000
Short-term Borrowing	150,000
Trade Payables	210,000
Total equity and liabilities	1,660,000

Transactions:

1. Sold inventories for $60,000 cash; these inventories had cost $50,000.
2. Sold inventories for $70,000 on credit; these inventories had cost $60,000.
3. Received cash from trade receivables totaling $65,000.
4. The owners of the business introduced $500,000 of their own money, which was placed in the business bank account.
5. The owners bought new machinery, valued at $110,000, into the business.
6. Bought inventories on credit for $60,000.
7. Paid trade payables $55,000.

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