Question - Dr. Alonz has the following assets and liabilities creditors $15,800
Equipment $46,000
Motor vehicle $25,160
Stock $24,600
Debtors $23,080
Cash at bank $29,120
Cash at hand $160
During the year, she bought extra equipment at $5,520, extra stock at $2,280, paid creditors by cheque $3,160, received by cash $240 and cheque $3,360 from debtors, added extra capital for $1,000.
Draw the new balance sheet.