Following information is relevant for Questions 1 - 4 Mr. Rasool started a courier service in Ibri, Fast Couriers, on January 1, 2020. The following transactions occurred during the month of January 2020 January Rasool invested OMR 15,000 in the business, January 3 The business borrowed OMR 5,000 from Bank Nizwa, to be repaid after 3 years. January Bought a delivery van OMR 7,000 from Fine Automobiles. Rasool paid OMR 2.000 and the balance will be paid later. January Paid insurance for full year OMR 1,000, January 7 Billed a customer OMR 500, for delivery service and received cash. January 10 Purchased packing materials (supplies) for OMR 500 on account. January 12 Received invoice from Shelly Autocare OMR 250, for the repair of delivery van. Business agreed to pay the cash later. January 14 Eamed OMR 1,000 on a customer order for an overseas delivery, but not received the cash. January 15 Rasool took OMR 300 for his personal expenses. January 18 Provided delivery service for a friend, Mr. Hamed, for OMR 300. Hamed paid OMR 180 immediately and agreed to give the balance later. January 21 Purchased a weighing machine for OMR 400 January 23 Hamed paid the balance amount on the services rendered for him January 27 Remitted OMR 500 to Fine automobiles. January 30 Paid office rent OMR 150. January 31 Staff salary paid OMR 1,000. Question 4: A Prepare a trial balance at January (5 Marks) 31, 2020. Answer: B. From the trial balance identify cach item under the following category and find their total: Non-current assets Current assets Long term liabilities Current liabilities Marks) c. What is the amount of profit loss for the month of January 2020? (2 Marks)