From the following trial balance of Moon Bank, prepare the profit and loss account and the balance sheet for the year ended 31/12/2019. (10 marks)

Particulars	OMR	OMR
Capital		6,000
Money at call and short notice	2,400
Reserve fund		2,100
Cash in hand	1,950
Deposits		7,500
Cash at bank	2,850
Borrowing from NBO		1,500
Investments in government securities	2,700
Secured loans	4,500
Cash credit	1,500
Premises less depreciation	1,740
Furniture less depreciation	360
Rent	15	180
Interest and discount		2,400
Commission and brokerage		210
Interest paid on deposits	900
Salary	450
Interest paid on borrowings	150
Audit fees	54
Operating expenses	321
Total	19,890	19,890

Adjustments:

(i)Provide OMR 60 for doubtful debts

(ii)Provide OMR 30 for rebate on bills discounted

(iii)Acceptance and endorsements on behalf of customers amounting to OMR 1,200

(iv)Provide OMR 180 for taxes.