Question 6: (from chapter 8)
The following information relates to A. Trader's business:
						Assets and Liabilities at	1st Jan 2019	31st Dec 2019
	Fixtures	18,200	16,400
	Accounts Receivable	4,900	5,900
	Inventory	24,200	28,200
	Accounts Payable	8,200	11,200
	Cash	860	340
	Balance at bank	15,800	4,800
	Loan from B. Burton	6,200	2,200
	Motor vehicle	-	16,000
During the year, A. Trader had sold private instruments for 4,000 which he paid into the business bank account, and he had drawn out 200 weekly for private use.
Required: Prepare a statement of financial position as at 31st December 2019 and give the net profit as at that date. See Hint 2.