A. From the following Trial Balance of Hanin and Muhja, you are required to prepare the following after taking into account the additional information. The profit sharing ratio is 3:2. a) Adjusting Entries (2.5 marks) b) Income Statement for the year ended March 31, 2019 (2.5) c) Profit and Loss Appropriation Account (3.0) d) Partners' Capital Accounts (2.5) e) Balance Sheet (2.5) Trial Balance as on 31st 00 e) Balance Sheet (2.5) Trial Balance as on 31st March, 2019 Debit Balances Amt. Credit Balances Stock on 1st April, 2018 52,000 Long-term debt Sundry Debtors 84,000 Bills Payable Bad debts 3,000 Sundry Creditors Premises 78,000 Rent Received Salaries 28,000 Provision for Doubtful Debts Motor Vehicle 50,000 Discount received Purchases 176,000 Sales Land 50,000 Capital Alc- Hanin Building 5,500 Mubia Wages 22,000 Rent (for 10 months) 16,000 Office Expenses 5.000 Discount allowed 2,500 572,000 Amt. 50,000 2.800 84.000 9,600 2,000 3,600 320,000 50,000 50,000 572.000 Adjustments: 1) Stock on 31st March, 2019 was valued at OMR 80,000. 2) Provision for Doubtful debts at 5% on sundry debtors. 3) Provide reserve for discount on debtors at 2% and on creditors at 3%. 4) Outstanding wages OMR 4.000 and outstanding salaries OMR 3.066. 5) Depreciate Motor Vehicle at 5% pa, and Building at 8% p.a. 6) The following were agreed upon: a) Hain is entitled to a salary of OMR 12,000 per year. b) Mulia is to receive commission of 10% of net profit before salaries and interest on capital c) Interest on capital is 1% per month