Capital Fund Donation for new block Sale of old furniture TOTAL 210000 25000 4000 357500 Additional information: 1. School fees not yet received from students OMR 4000. 2. Science laboratory equipment to be depreciated at the rate of 20% 3. Salaries outstanding OMR 10000. 4. Library to be depreciated at the rate of 10% 5. New furniture costing OMR 15000 was purchased on credit on 1" January but not recorded in the books. 6. Old furniture having book value OMR 5000 was sold on 1" July. 7. Depreciation to be charged at the rate of 10% furniture. Required: Prepare Income and Expenditure Account and Balance Sheet for the year ending 31" December, 2019