Emax is engaged in the purchase and sale of electronic goods. It has over 65,000 products from more than 300 electronic brands. The company prepares its financial statements at the end of every calendar year. The following are the account balances taken from the unadjusted trial balance of the company as on December 31, 2019. Account Amount (OMR) Accounts Payable 18,000 Salaries and Wages Expense 98,000 Freight-out 22,400 Cash 36,200 Sales Returns and Allowances 17,800 Advertising Expense 24,500 Accounts Receivable 32,400 Cost of Goods Sold 540,300 Utilities Expense 15,700 Common Stock 80,000 Maintenance and Repairs Expense 11,500 Merchandise Inventory 42,000 Rent Expense 22,000 Miscellaneous Expenses 6,000 Retained Earnings 28,000 Supplies 9,600 Dividends 10,000 Interest Expense 4,000 Equipment 136,700 Sales Revenue 821,000 Insurance Expense 12,000 Accumulated Depreciation - Equipment 40,800 Repair Expense 8,000 Notes Payable 61,300Following are the additional information given by the company at the end of the year. (i) Depreciation of equipment is 10% on its book value. (ii) Dividends of OMR 3,000 is due and still unpaid at the end of the year. (iii) Inventory shrinkage of OMR 200 is found at the end of the year. (iv) Advertising expense prepaid OMR 1,200 is not recorded in the books. (v) Inventory purchased on credit which is in transit (FOB shipping point) is not recorded in the books OMR 12,000. (vi) 20% of utilities expense is for stores and the remaining is for office. Question - 1: a. You are required to prepare; i. Multiple-Step Income Statement for the year ended December 31, 2019, (4 Marks) ii. Retained Earnings Statement for the year ended December 31, 2019, and (2 Mark) iii. Classified Balance Sheet as on December 31, 2019. (4 M