2. Presented below is the statement of Financial position of Golden corporation for the year 2010 Golden Corporation Statement of Financial Position December 31 2010 Amount(OMR) Particulars Particulars Amount OMR) Equity Non Current Liabilities Current Liability 1770000 960000 380000 Investment 630000 Property. Plant and equipment 1720000 Intangible Assets 265000 Current Assets 495000 Total 3110000 The following information is presented Total 3110000 A. The current assets section includes: cash 160000, account receivables OMR 165000 less OMR 10000 for allowance for doubtful debts, inventories OMR 185000 and uncamed revenue OMR 5000, Inventories stated on the lower of FIFO cost or net realizable value B. The invesiments section includes land held for speculation OMR 50,000: investments in ordinary shares, short-term (trading) OMR 70.000 and long-term (non-trading) OMR 260.000, and bond sinking fund OMR 250,000. The cost and fair value of investments in ordinary shares are the same C Property, plant, and equipment includes buildings OMR 1.040,000 less accumulated depreciation 360,000, equipment OMR 460,000 less accumulated depreciation 180.000, land OMR 500,000, and land held for future use OMR 260.000 D. Intangible assets include a franchise OMR 155,000 and goodwill OMR 110,000. E. Current liabilities include accounts payable OMR 150.000; notes payable short term OMR 70,000 and long-term OMR 120,000, and income taxes payable OMR 40,000 E Non-current liabilities are composed solely of 7% bonds payable due 2027 G. Equity has share capital preference, OMR 50 par value, authorized 20000 shares, issued 9000 shares for OMR450000, and share capital ordinary, OMR 10 par value, authorized 40000 shares, issued 10000 shares at an EXTRSS price of OMR 100. In addition, the company has stained samnings of OMR 320000 Instructions Pronate a statement of financial position in good form. asisting the amounts in sach statement of financial position slassification salto the information given above (All amount in OMR). 3 1