1. The following is a list of assets and claims of a plastics manufacturing company at a particular point in time:
   • Short-term borrowings: £16,500
   • Property: £275,000
   • Inventories of raw materials: £21,500
   • Trade payables: £22,000
   • Plant and equipment: £119,000
   • Loan from Plastics Finance Co. (long-term borrowing): £99,500
   • Inventories of finished goods: £29,000
   • Delivery vans: £55,000
   • Trade receivables: £40,500

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.)