1. The following is a list of assets and claims of a textile company at a particular point in time:
   • Short-term borrowings: $21,000
   • Property: $235,000
   • Inventories of raw materials: $18,000
   • Trade payables: $27,000
   • Plant and equipment: $128,000
   • Loan from Textile Finance Co. (long-term borrowing): $104,000
   • Inventories of finished goods: $30,000
   • Delivery vans: $57,000
   • Trade receivables: $37,000

Required:

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