answered Particulars OMR Particulars OMR Marked out of 3.00 Premium received 1,200 Claims paid 470 Flag question Premium on 120 Claims due on 1.1.2019 40 reinsurance accepted Commission paid 200 Claims due on 31.12.2019 70 Legal expenses regarding 10 Reinsurance claim recovered 0 claims Expense of management 300 Commission on reinsurance 130 received Bad debts 70 Rent received 130 Profit on sale of motor car 20 Rates and taxes 60 Share capital 4,000 Printing and stationary 30 Total Revenue OMR 1,520 OMR 1,270 Net Claim OMR 1,400 OMR 1,200