Dr. Mohammed Kumail Al Lawati is owner of Mustafa Sultan Exchange Center and decided to apply for loan in bank. They need OMR 225.000 and they want the following term loan period of 5 years and the rate is 5 per cent payable in equal monthly instaliment They have expansion project and the funds will be utilized for that plan. The banks will be checking the financial status so he asked his accountant to prepare the financial statement. Additional information available from the project report are as follows At present the company's balance sheet is showing a total asset valued OMR 850.000. The total liability of the supermarket is OMR 725.000 and the ownership fund (Capital Invested) is OMR 600.000 The income statement of the past 2 yews are showing increase in net income after tax of 185.000 in 2019 with 20% increase in 2020 Bank Sohar interest rate on levan at present is 5.5 per cent on term loans and maximum repayment period allowed for such loans is 6 years and the maximum loan they can provide is 184.000 OMR. Bank Dhofar is providing 5.25 per cent with maximum loanable amount of 400,000 OMR payable in 5 years. The company has an option to issue a commercial paper amounting 250,000 OMR with a par value of 257.000 OMR for 180 days