1. The following is a list of assets and claims of a food processing company at a particular point in time:
   • Short-term borrowings: €20,000
   • Property: €270,000
   • Inventories of raw materials: €19,000
   • Trade payables: €24,000
   • Plant and equipment: €120,000
   • Loan from Food Finance Co. (long-term borrowing): €110,000
   • Inventories of finished goods: €31,000
   • Delivery vans: €55,000
   • Trade receivables: €38,000

Required:

Draw up a financial position statement incorporating these figures. (Hint: There is a missing item that needs to be deduced and inserted.)