03 On 1st January 2019 Sallam Company had a balance of Retained Earnings of OMR 110,000. The Company made a Net Profit before tax of OMR 1.4 million. The company falls in 20% tax bracket. The capital of Sallam Company consists of 7% preference shares (90,000 shares of OMR 10 each) and 200,000 outstanding equity shares of OMR 12 each. The company use to pay 15% dividends to its equity shareholders and planning to continue the same this year. A. Prepare the Statement of Retained Earnings for Al-Maraseem Company for the financial year ending on 31st August 2019. (5 marks) B. Calculate the Earnings per Share (EPS) of Al-Maraseem Company. (2.5 marks) C. Using the following information calculate how much was paid out in dividends by Amjad Company for the financial year ended on 28 February 2020: (2.5 marks) Retained Earnings on 1st March 2019 OMR 75,000 Retained Earnings on 28 February 2020 OMR 88,000 Net Profit before tax OMR 105,000 Tax rate 25%