1. The following is a list of assets and claims of a footwear manufacturing company at a particular point in time:
   • Short-term borrowings: $22,500
   • Property: $260,000
   • Inventories of raw materials: $19,000
   • Trade payables: $28,500
   • Plant and equipment: $127,000
   • Loan from Footwear Finance Co. (long-term borrowing): $102,000
   • Inventories of finished goods: $32,000
   • Delivery vans: $58,000
   • Trade receivables: $43,500

Required:

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