1. The following is a list of assets and claims of a toy manufacturing business at a particular point in time:
   • Short-term borrowings: £19,000
   • Property: £270,000
   • Inventories of raw materials: £18,000
   • Trade payables: £23,000
   • Plant and equipment: £130,000
   • Loan from Toy Finance Co. (long-term borrowing): £107,000
   • Inventories of finished goods: £32,000
   • Delivery vans: £56,000
   • Trade receivables: £40,000

Required:

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