1. The following is a list of assets and claims of a pharmaceutical distribution company at a particular point in time:
   • Short-term borrowings: £22,000
   • Property: £265,000
   • Inventories of raw materials: £19,000
   • Trade payables: £25,000
   • Plant and equipment: £140,000
   • Loan from Pharma Finance Co. (long-term borrowing): £100,000
   • Inventories of finished goods: £31,000
   • Delivery vans: £54,000
   • Trade receivables: £42,000

Required:

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