1. The following is a list of the assets and claims of Omega Manufacturing as at 31 December last year:
   • Trade payables: £89,000
   • Motor vehicles: £44,000
   • Long-term borrowing (loan from Industrial Bank): £275,000
   • Equipment and tools: £220,000
   • Short-term borrowings: £130,000
   • Inventories: £155,000
   • Property: £365,000
   • Trade receivables: £190,000

Required:

(a) Prepare the statement of financial position of the business as at 31 December 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 company's capital investment revealed by this financial statement.