1. The following is a list of the assets and claims of Apex Construction as at 30 June last year:
   • Trade payables: £87,000
   • Motor vehicles: £50,000
   • Long-term borrowing (loan from BuildFinance Co.): £290,000
   • Equipment and tools: £230,000
   • Short-term borrowings: £140,000
   • Inventories: £165,000
   • Property: £360,000
   • Trade receivables: £200,000

Required:

(a) Prepare the statement of financial position of the business as at 30 June last year from the information provided, using the standard layout. (Hint: There is a missing item that needs to be deduced and inserted.)

(b) Analyze the capital structure revealed by this financial statement.