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: elearning.act.edu.om III You are given the Balance Sheet of XYZ LLC as on 31st December, 2020. ASSETS: 01-01- 31-12- 2020 2020 Machinery 300,00 255,000

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: elearning.act.edu.om III You are given the Balance Sheet of XYZ LLC as on 31st December, 2020. ASSETS: 01-01- 31-12- 2020 2020 Machinery 300,00 255,000 Furniture 40,000 36,000 Stock (FIFO) 60,000 70,000 Debtors 50,000 50,000 Cash 100,000 226.000 TOTAL 550,000 637,000 LIABILITIES: Share Capital 350,000 350,000 12% Debentures 100,000 100,000 Current Liabilities 100,000 100,000 Retained Earnings 87.000 TOTAL 550,000 637,000 General Price Index 300 360 a. What is the amount of Retained Earnings as per CPP Method

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