1. The following is a list of assets and claims of a construction company at a particular point in time:
   • Short-term borrowings: £25,000
   • Property: £260,000
   • Inventories of raw materials: £21,000
   • Trade payables: £29,000
   • Plant and equipment: £115,000
   • Loan from Construction Finance Co. (long-term borrowing): £108,000
   • Inventories of finished goods: £35,000
   • Delivery vans: £53,000
   • Trade receivables: £42,000

Required:

Write out a financial statement in the standard format incorporating these figures. (Hint: There is a missing item that needs to be deduced and inserted.)