5. What is the breakup of operating expenses? (1 mark) 6. List down the amounts of Beginning Retained Earning, Net Profits, Dividends paid and Ending Retained Earning. (2 marks) 7. Inventory valuation is used to calculate the cost of goods sold and cost of ending inventory. The most widely used methods are LIFO, FIFO and average cost method. You are required to find out the inventory system applied, the method of inventory valuation used, and what does inventory consists of with their respective amount? (2 marks) Muscat security market listed 118 companies which divided into three sectors, financial, services and industrial. The students are required to choose one company from industrial sector and get a copy the financial statements (Income Statement, Owners Equity Statement and Balance Sheet) of 2020. The students are required to answer the following questions by using the financial statements and by checking the integrated notes from the financial report