1. The following is a list of assets and claims of an agriculture equipment manufacturing company at a particular point in time:
   • Short-term borrowings: £20,000
   • Property: £255,000
   • Inventories of raw materials: £19,000
   • Trade payables: £28,000
   • Plant and equipment: £130,000
   • Loan from Agriculture Finance Co. (long-term borrowing): £101,000
   • Inventories of finished goods: £30,500
   • Delivery vans: £54,000
   • Trade receivables: £38,500

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.)