Halwa Factory Company uses First-in-First-out method for inventory movement. It has furnished the following Statement of Comprehensive Income for the year ending 31 December 2018: Particulars OMR OMR Sales 900,000 Less. Cost of sales: Opening inventory 200,000 Purchases 260,000 Custom duty on purchases 10,000 Carriage inwards on purchases 260,000 730,000 Closing inventory (210,000) (520,000) Gross profit 380,000 Less. Operating expenses: Salaries Electricity expenses 60,000 120,000 36,000 7,000 Depreciation on NCA Telephone expenses 2,000 Bad debts Printing expenses 6,000 Interest on debentures 9,000 Other operating expenses 5,000 (245,000) 135,000 Net profit Opening index 220 Closing index 270 Average index 245 The company management is highly concerned about the continuously changing prices in the market. It has decided to convert its operating performance using Inflation Accounting Required: Prepare the Statement of Comprehensive Income for the year using Conversion Method under Current Purchasing Power Method. (10 Marks)