1. The following is a list of assets and claims of a furniture manufacturing business at a particular point in time:
   • Short-term borrowings: €18,000
   • Property: €260,000
   • Inventories of raw materials: €22,000
   • Trade payables: €24,000
   • Plant and equipment: €145,000
   • Loan from Furniture Finance Co. (long-term borrowing): €105,000
   • Inventories of finished goods: €29,000
   • Delivery vans: €50,000
   • Trade receivables: €39,000

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.)