1.From the following information calculate the amount of inventory that is to be reported in the Statement of Financial Position. (2 Marks) Value of inventory available in hand after inventory count is OMR 22,000 Goods purchased that is in transit (FOB Shipping Point) OMR 1,000 . Goods sold that is in transit (FOB Destination) OMR 5,000 Goods received on consignment OMR 2,000 2. On December 9, 2019 Emax sold ten cameras for OMR 100 each with credit terms of 1/10, n/30. On December 19, 2019, Emax collected OMR 900 of the accounts receivable and the remaining money is determined to be uncollectible. You are required to prepare journal entries for; a. Collection of accounts receivable and b. Recognition of bad debt under direct write-off method. (3 Marks) Date Particulars Debit (OMR) Credit (OMR)