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Following is the Trial Balance of Zainab Traders for the year ended Dec 31 2018 Debit - Omani Rials Credit - Omani Rials Sales Revenc

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Following is the Trial Balance of Zainab Traders for the year ended Dec 31 2018 Debit - Omani Rials Credit - Omani Rials Sales Revenc 350,000 Purchases 150,000 Machinery 200.000 Accumulated Depreciation - Machinery 40,000 Salaries and Wages 25,000 Rent of Office 20,000 General Expenses 30,000 Purchase Returns 20,000 Sales Returns 16,000 Capital at start 275000 Trade Debtors 70.000 Cash on hand 175.000 Trade Creditors 50,000 Purchase Discount 40,000 Sales Discount 5.000 Opening Stock 20,000 Commission Income 35.000 Insurance of Office 14,000 Drawings 20.000 Equipment 175.000 Accumulated Depreciation - Equipment 10,000 Car Loan payable (5 years) 100,000 Total 920,000 920,000 Additional information: Closing stock was valued at OMANI RIAL 44,000 on Dec 31, 2018 Required: A. Prepare Statement of Comprehensive Income for the year ended 31 December 2018. (15 marks) B. Prepare Statement of Financial Position as on Dec 31, 2018. (15 marks)

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