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In the middle of the vear Purchase an additional office equipment amounted to 4.5 Million Saudi Riyal - Made an investment of 5 Million Saudi

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In the middle of the vear Purchase an additional office equipment amounted to 4.5 Million Saudi Riyal - Made an investment of 5 Million Saudi Riyal. Sales revenue of SR 16 million during the year The operating expenses of SR7 million paid during the year. At the end of the vear a Received cash dividend amounted to-150,000 Saudi Riyal. Additional information The factory, comprising 90% of the original purchase price (balance artributed to land). . An estimated useful life of 25 years and is depreciated using the straight-line method. The machinery and office cquipment are depreciated using the straight-line method and having a useful life of 15 years. Consumer price Index Endoftheyear.InitiallevelAverageduringtheyear.330275300 REQUIRED 1. Restate the Income Statement 2. Prepare a monetary gain or loss schedule for Abdullah \& Sons Corporation as at 31 December 2019 by using historical cost constant value model. (Must write factor applicd for adjustments) 1. Restafe the Income Statement 2. Prepare a monetary gain or loss schedule for Abdullah \& Sons Corporation as at 31 Docember 2019 by using historical cost constant value model. (Must write factor applied for adjustments)

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