Exercise No. (8) From the following particulars of AMN Bank as on 31st December 2020, prepare Income statement and the Balance sheet Debit 50,000 Credit 75,000 125,000 200,000 Particulars Interest on deposits Interest on loans Share Capital Deposits Loans Other assets Salaries Rent & Repairs Loans against assets Audit fees Repairs Salaries to Director Furniture & Fixtures Total 150,000 50,000 20,000 10,000 50,000 5,000 5,000 10,000 50,000 400,000 400,000 . Adjustments: Provide for depreciation on furniture 20% and on other assets 10% Provide for a loss of credit 20% of loans an outstanding amount of salary of OMR 2000 yet to be paid Salaries to director amounting to OMR 4000 paid in advance