Statement of Financial Position at the start of the week:

ASSETS	$
Property	850,000
Office Equipment	550,000
Inventories	240,000
Trade Receivables	150,000
Total assets	1,790,000

EQUITY AND LIABILITIES	$
Equity	1,400,000
Short-term Borrowing	160,000
Trade Payables	230,000
Total equity and liabilities	1,790,000

Transactions:

1. Sold inventories for $65,000 cash; these inventories had cost $55,000.
2. Sold inventories for $75,000 on credit; these inventories had cost $65,000.
3. Received cash from trade receivables totaling $70,000.
4. The owners of the business introduced $550,000 of their own money, which was placed in the business bank account.
5. The owners bought new software, valued at $120,000, into the business.
6. Bought inventories on credit for $65,000.
7. Paid trade payables $60,000.

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