2. Following information is available for the year 2018 of AXN SAOG. You are required to prepare Statement of comprehensive income and Statement of financial position. Selling and distribution expenses 5649708 Net finance costs 30563 Taxation 329228 Taxation Payable 203493 Fair value gain on financial assets 493623 Unrealized holding loss on Investments classified as available for sale 740451 Property, plant and equipment at cost on 1 January 2018 15211780 Inventory as on 1" January 2018 8746768 Accounts and other receivables 7204993 Bank balances and cash 400070 Sales Revenue 47846548 Employees' End Of Service Benefits 142205 Equity Share capital 7500000 Share premium 227028 Cost of sales 34651853 Legal reserve 1163108 Allowance for Accounts and other receivables as on 1 January, 2018 133445 Revaluation reserve 2091520 Retained earnings 892895 Accumulated depreciation on property, plant and equipment on 19 January 2018 777660 Current portion of term loans 747608 Non-Current Portion of Term Loans 1585998 Accounts and other payables 11279900 Bank borrowings 4818753 Gross profit 13194695 Other income 249853 Additional information: 1. Depreciation is charged at 5% on diminishing balance on Property, Plant and Equipment 2. Allowance for Accounts and other receivables is increased to 3%. Allowance is treated as expense. 3. Closing stock on 31* December,2017 was OMR 4,232,323