(a) The following information relates to Bank HSBC. Prepare the profit & loss account for the year ended 31/12/2018. (8 mark) Particulars OMR Particulars OMR Interest on cash credit 892,000 72,000 Rent received Exchange and commission Depreciation on bank property 20,000 32,800 Salaries and allowances 218,800 Interest on fixed deposits 1,100,000 Postage 5,600 Interest on savings bank a/c 272,000 Sundry charges 4,000 Interest on overdraft 216,000 Director's and auditor's fee 16,800 Discount on bills discounted 780,000 Printing 8,000 Interest on current accounts 168,000 Law charges 3,600 Locker rent 1,400 Interest on loans 1,036,000 Transfer fee 2,800 Provide for statutory reserve 25% and transfer OMR 12,000 to general reserve. (b) Calculate the net premium to be credited to Revenue a/c from the following data (1 mark) Premium during the year end OMR1,600,000 Reinsurance premium paid OMR 540,000 Reinsurance premium received OMR 620,000 Bonus in reduction of premium (not yet adjusted) OMR 20,000 (C)Compute the net commission to be debited to the revenue account, from the following information. (1 mark) Commission on direct business OMR 93,000 Commission on reinsurance accepted OMR 40,000 Commission on reinsurance ceded OMR 50,000