1. The following is a list of assets and claims of an electronics manufacturing business at a particular point in time:
   • Short-term borrowings: $22,000
   • Property: $240,000
   • Inventories of raw materials: $18,500
   • Trade payables: $26,000
   • Plant and equipment: $125,000
   • Loan from Electronics Finance Co. (long-term borrowing): $100,000
   • Inventories of finished goods: $28,500
   • Delivery vans: $56,000
   • Trade receivables: $36,000

Required:

Prepare a detailed balance sheet incorporating these figures. (Hint: There is a missing item that needs to be deduced and inserted.)