1. The following is a list of assets and claims of a chemical manufacturing business at a particular point in time:
   • Short-term borrowings: €23,000
   • Property: €280,000
   • Inventories of raw materials: €21,000
   • Trade payables: €29,000
   • Plant and equipment: €125,000
   • Loan from Chemical Finance Co. (long-term borrowing): €103,000
   • Inventories of finished goods: €33,500
   • Delivery vans: €57,000
   • Trade receivables: €44,000

Required:

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