The Muffin Tin, owned and managed by Mary Maponya, offers courses on how ot bake muffins. The statement of financial position of The Mufin Tin at $31$ January $20$X$6$ was as follows:

THE MUFFIN TIN

STATEMENT OF FINANCIAL POSITION AT $31$ JANUARY $20$X$6$

ASSETS

Land and buildings $-380000$

Equipment $-180000$

Supplies $-50000$

Accounts receivable $-10000$

Bank$-170000$

TOTAL $=790000$

EQUITY AND LIABILITIES Equity

Capital $-465000$

LIABILITIES

Mortgage on

buildings $-200000$

Accounts payable $-125000$

TOTAL $=790000$

The following transactions occurred during February $20$X$6$:

$1.$ Supplies were bought on credit for C$12000.$ Supplies costing C$22000$ were on hand at $28$ February $20$X$6.$

$2.$C$8000$ was received from customers who attended courses during January $20$X$6.$

$3.$ Customers paid $76000$ for courses attended during February $20$X$6.$

$4.$ Part of mortgage was repaid $($C$20000).$

$5.$ Anew item of equipment was bought for C$30000.$ C$5000$ was paid by cheque, with the balance to be paid ni one month.

$6.$ The Muffin Tin transferred C$3000$ to Mary Maponya by EFT for her own private use.

You are required to:

Prepare a statement of financial position of The Mufin Tin at the end of February $20$X$6$