D Moody has the following assets and liabilities as on 31 April 2002: £ Creditors 15,800 Equipment 46,000 Motor Vehicle 25,160 Stock 24,600 Debtors 23,080 Cash at bank 29,120 Cash in hand 160 During the first week of May 2002 Moody: a. Bought extra equipment on credit for £5,520. b. Bought extra stock by cheque £2,280. c. Paid creditors by cheque £3,160. d. Debtors paid £3,360 by cheque and £240 by cash. e. Moody put in extra £1,000 cash as capital. Required: a. Determine the capital as at 1st May 2002. b. Draw up a balance sheet after the above transactions have been completed.