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Lulu Hyper Market has reported the following information for the year 2020. Sales OMR 1,600,000 Sales returns OMR 600.000 Cost of sales OMR 298,400 Gain from disposal of paint products OMR 26,400. Loss from disposal of tools OMR 102,700 Total loss from discontinued operation OMR 96,500 Total profit of the company OMR 5,000,000 Calculate the profit margin for the year2020 Done None of the listed choices 80% 20% 40% Question 2 Not yet answered Marked out of 1.00 P Flag question If the preferred stock is cumulative and if such dividend is not paid in a particular year, then such unpaid dividend becomes: Done None of the listed choices Dividend in arrears Dividend in advance Calls in arrear Al Dubai LLC has a tax liability brought forward of OMR 16,000. The liability is finally agreed at OMR 17,500 and this is paid during the year. The company estimates that the tax liability based on the current year's profits will be OMR 25,000. At the time of preparation of financial statements company makes the provision for tax payable in the financial statements. Pass the journal entry. Done Dr. Income tax expenses OMR 1,500 Cr. Tax Liability OMR 1,500 Dr. Income tax expenses OMR 25,000 Cr. Provision for tax OMR 25,000 None of the listed choices Dr. Tax Liability OMR 1,500 Cr. Income tax expenses OMR 1,500