1. The following is a list of assets and claims of a chemical manufacturing company at a particular point in time:
   • Short-term borrowings: €22,000
   • Property: €280,000
   • Inventories of raw materials: €20,000
   • Trade payables: €29,000
   • Plant and equipment: €145,000
   • Loan from Chemical Finance Co. (long-term borrowing): €110,000
   • Inventories of finished goods: €33,000
   • Delivery vans: €58,000
   • Trade receivables: €44,000

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.)