$2\mathrm{.}5$ The statement $of$ financial position $of$ a business $at$ the start $of$ the week $isas$ follows:

During the week, the following transactions take place:

$1$ Sold inventories for $11,000$ cash; these inventories had cost $8,000.$

$2$ Sold inventories for $23,000on$ credit; these inventories had cost $17,000.$

$3$ Received cash from trade receivables totalling $18,000.$

$4$ The owners $of$ the business introduced $100,000of$ their own money, which was placed $in$ the business

bank account.

$5$ The owners brought a motor van, valued $at10,000,$ into the business.

$6$ Bought inventories $on$ credit for $14,000.$

$7$ Paid trade payables $13,000.$

Required:

Show the statement $of$ financial position after all $of$ these transactions have been reflected.

Answer given for your reference

Cash $at$ Bank: $73,000$

Total assets $(fixed+$ current$)$: $346,000$