1. The following is a list of assets and claims of a beverage manufacturing business at a particular point in time:
   • Short-term borrowings: $23,000
   • Property: $265,000
   • Inventories of raw materials: $21,000
   • Trade payables: $25,000
   • Plant and equipment: $140,000
   • Loan from Beverage Finance Co. (long-term borrowing): $105,000
   • Inventories of finished goods: $30,000
   • Delivery vans: $52,000
   • Trade receivables: $42,000

Required:

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