The unadjusted trial balance of SEP Pte Ltd as at 31 December 20X0 was given below:

Account Title	Debit	Credit
	$	$
Cash	95,580
Inventory	28,120
Purchases	84,800
Accounts receivable	21,400
Prepaid Insurance	4,000
Motor vehicles	80,000
Accumulated depreciation - MV		20,000
Revenue		259,900
Interest Income		1,740
Depreciation expense - MV	10,000
Salaries expense	72,440
Utilities expense	16,600
Rental expense	49,600
Telephone expense
Accounts payable		31,100
Long term loan		60,000
Share capital		80,000
Retained earnings		9,800
Insurance expense
Interest expense
Interest payable
Unearned revenue
Telephone bill payable
	462,540	462,540

A stock count at the end of the year revealed that the inventory was $8,000. Additional information at 31st December includes the following:

(i) The long term loan of $60,000 carries an annual interest of 5%, effective 1st July and to be paid yearly.

(ii) The $4,000 prepaid insurance was for a 2-year fire insurance coverage for the factory effective 1 October.

(iii) On 12 December, a customer paid the company a deposit of $1,200 for an item to be delivered in January the next year. The account clerk recorded the $1,200 as a debit to cash and a $1,200 credit to revenue.

(iv) On 17 December, the company received a telephone bill amounting to $2,350. The bill was not recorded nor paid.

Required:

Prepare the Statement of Financial Position as at 31 December 20X0 for SEP Pte Ltd after incorporating the adjustments from the given additional information.