Following is the balances of AXA Insurance LLC: Question 17 Not yet answered Marked out of 2.00 P Flag question Particulars Debit Credit 350,000 90,000 500,000 Premiums less re-insurance Claims less re-insurance Share Capital Salaries to employees Bonus to policy holders Audit fees Repairs and Rent 75,000 95,000 25,000 40,000 Depreciation 90,000 Commission income 45,000 Furniture 70,000 Agents balances 60,000 Investments 175,000 Premises 150,000 25,000 Loans to other insurance companies Total 895,000 OMR 20,000 loss OMR 25,000 loss OMR 20,000 profit OMR 25,000 profit Calculate (1) Profit/Loss from the Income statement Calculate 0 Profit/Loss from the Income statement . Calculate (ii) Total of assets in the Balance sheet OMR 420,000 OMR 500,000 OMR 520,000 OMR 480,000