10,200 Profit and Loss Statement of ABC ltd for The Year Ending 31st December 2019 Particulars Amount (OMR) Amount (OMR) Sales 50,000 Less: Cost of goods sold Opening inventory 9,000 (+) Purchases 18,000 27,000 ( closing inventory 5,000 (22,000) COGS Gross profit 28,000 Less: operating expenses 3,000 Interest on debentures 2,000 Depreciation on machinery 5,000 10,000 Net profit 18,000 Additional Information: Opening Index: Closing Index: Average Index: 200 300 250 The balance sheet of ABC Itd as on 31st December 2019 Assets Machinery Stock Debtors Cash Total Amount (OMR) 59,000 8,600 4,600 3,000 75,200 Liabilities & Equity Amount (OMR) Share Capital 10% Debentures Creditors Total 37,000 23,000 15,200 75,200 Restate the above financial statements in terms of CPP and prepare a new financial statements