From the following information calculate the life fund at the yearend 2020 Particulars Amount (OMR) Life fund 1.1.2020 616,250 n Premium received 2,612,500 Claims paid 735,000 Consideration for annuities granted 407,500 Reinsurance premium 195,000 Reinsurance claim received 105,000 Annuity paid 80,000 Interest, dividend and rent paid 13,250 Commission paid 16,750 Surrenders 53,000 Advertisement 5,250 Directors fees 20,000 Commission paid 16,750 Surrenders 53,000 Advertisement 5,250 Directors fees 20,000 Bonus in cash 27,500 Registration fees received 4,000 Life fund on 31.12.2020 > OMR 2,644,500 None of these OMR 2,599,500 Previous page OMR 2,132,000