The list of balances of Borris bakery as at the beginning of the week is as follows:

Description	Amount
ASSETS	$
Property	150 000
Furniture and fittings	60 000
Equipment	55 000
Inventory	30 000
Trade receivables	33 000
Total Assets	328 000
Equity and Liabilities	$
Equity	230 000
Long term loan	50 000
Bank overdraft	13 000
Trade payables	35 000
Total equity and liabilities	328 000

During the week, the following transactions took place

Sold inventories for $20 000 Cash and these inventories had cost price of $8 000

Sold inventories for $25 000 on credit and these inventories had cost price of $15 000

Bad debts to the amount of $35 000 were written off.

The owners of the business paid $10 000 school fees out of the business bank account.

The owners also brought into the business new motor van to the value of $100 000. Assume no depreciation was charged.

Bought inventories on credit for $20 000

Paid trade payables $15 000 with cash

You are required to show the statement of financial position of Borris bakery after all these transactions have been reflected. (Show all calculations)

ASSETS	$
Property
Furniture and fittings
Equipment
Motor van
Inventories ( )
Trade receivables ( )
Total assets
EQUITY AND LIABILITIES	$
Equity ( )
Long term loan
Bank overdraft ( )
Trade payables ( )
Total equity and Liabilities