The following statement of financial position has been drawn up for the directors of Cousins Ltd.

However, it was drawn up before the following changes were implemented:
1 Property was to be revalued at £200,000 2 A further 50,000 £1 ordinary shares were issued at face value.
Based on this new information, redraft the statement of financial position.

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Non-current assets Freehold land Property Equipment Current assets Cousins Ltd Statement of financial position as at 31 March 2014 Inventory Trade receivables Cash and cash equivalents Current liabilities Trade payables Tax owing Working capital Non-current liabilities Debentures NET ASSETS Equity Ordinary share capital (50p shares) Preference share capital (1 shares) Revenue reserves Retained earnings EQUITY 175,000 175,000 85,000 11,000 74,000 18,000 12,400 5,600 278,000 23,400 254,600 17,455 11,899 5,345 34,699 7,799 12,500 20,299 14,400 269,000 50,000 219,000 150,000 50,000 19,000 219,000