The follo

The following information relates to A. Trader's business: Assets and Liabities at 1st Jan 2019 31st Dec 2019 Accounts Receivable Inventory Accounts Payable Balance at bank Loan from B _ Burton Motor vehicle 18,140 4,870 24,140 8,140 830 15,740 6,140 16,340 5,870 28,140 11,140 310 4,740 2,140 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 nef profit as at that date. See Hint 2.