3. From the following information relating to Bank Sobar prepare Income Statement for the year ended 31 March 2020. Show the calculations separately. (PREPARED SHEDULES Particulars R.O Interest on overdraft 550,000 Establishment 70,000 Interest on bill discounted 300,000 Rent 25,000 Salaries 15,000 Interest on savings 80,000 Printing and stationery 5.900 Interest on fixed deposits 55,000 Commission 90.000 Interest on loan 45,000 Interest on Borrowing 42,000 Interest on cash credit 275.000 Administration's fees 7,000 Postage and telegram 2,500 Maintenance expenses 8,400 General Reserve 50,000 Loan 30.000 Additional information: 1. Provide OMR 50,000 for doubtful debts 2. Provide OMR 120,000 for taxation 3. Rebate on bills discounted on 31-03-20 OMR 60,000 4. Dividend proposed to pay OMR 30,000 5. Last year Profit OMR 100,000 1