Exercise No.(5): From the following information, prepare an Income Statement for HSBC Oman for the year ended as on 31 December 2020 (all Amounts are in 000' OMR) OMR 6,400 11,000 800 2,000 Interest on Loans Interest on Fixed Deposits Commission Received Salaries and Allowances Discount on Bills discounted Interest on Cash Credits Interest on Current A/Cs Rent and Lighting Interest on Overdrafts Director's Fees Commission Expenses Interest on Savings A/C Other Office Expenses 7,000 5,600 1,500 500 6,000 50 200 2,000 40 Lockers Rent 600 400 30 Transfer Fees paid Legal Charges Sundry Expenses Depreciation on Banks' Properties Interest on borrowings from Intra 400 2,000 Bank 500 Additional Information: a) Rebate on bills discounted b) Impairment for Investments c) Impairment for Loans d) Income Tax Expense e) Loss on Exchange Difference arising on translations of foreign operations Increase in fair value of available-for-sale-Investments 600 900 100 3,000 200 1,200 10