Following items appear in the accounts of Al Mazoon trading company, Muscat as on 31st March, 2020 :

Cash

48,600

Bank Overdraft

52,000

Land and Building

12,322

Equity Shares of OMR 10 each

10,00,000

Furniture and fittings

300,000

5% preference shares

OMR 10 each

595,786

Payments in advance

62,000

Bills Payable

86,250

Inventories

6,900

Long-term loans from Bank Muscat

579,300

Trade Creditors

4,05,750

Trade Investment

20,000

General Reserve

4,57,000

Provision for Taxation

1,24,000

Sundry Debtors

295,700

Sundry creditors

35,8000

Bills Receivables

22,600

Outstanding Expenses

18,000

Plant and Machinery

10,00,000

Net Sales for the year

21,82,400

10% Debentures

2,50,000

Net Profit for the year

(before tax & dividends)

5,27,830

Statement of Profit for the year ended 31st March, 2020

Sales

OMR 21,82,400

Less : Cost of goods sold

OMR 1,819,350

Interest

OMR 601733.6

OMR 457768

Net profit

OMR 527, 830

Additional Information:

Market price per equity share OMR 13.50

Tax rate for the company is 15%

You are required to arrange the above items in the form of a financial statement