1. The following is a list of assets and claims of a beverage manufacturing business at a particular point in time:
   • Short-term borrowings: $18,000
   • Property: $245,000
   • Inventories of raw materials: $20,000
   • Trade payables: $25,000
   • Plant and equipment: $118,000
   • Loan from Beverage Finance Co. (long-term borrowing): $97,000
   • Inventories of finished goods: $29,500
   • Delivery vans: $53,000
   • Trade receivables: $42,500

Required:

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