ABC trader provided the following information:
                                                                                 $    
Premises ....................................................... 180,000
Inventory ......................................................   23,420
Trade payables ............................................   26,180
Trade receivables ........................................   21,710
Office fixtures and fittings .........................    32,600
Loan from bank ...........................................   80,000
Cash at bank ................................................     2,550
Motor vehicles ............................................    15900
a. Calculate the value of the assets.
b. Calculate the value of the liabilities.
c. Use the accounting equation to calculate the trader’s capital.