LEDGER BALANCES TOT Extra and E- max as at 31 December 2020 PARTICULARS Extra LLC E-max LLC Amount (RO) Amount (RO) Sales 160,000 400,000 Purchases 96,000 249,600 Discount allowed 3,200 8,640 Return outwards 800 11,520 Interest expense 4,000 4,000 Carriage outwards 5,920 6,400 Inventory 1st January 2019 20,000 20,160 Office rent 9,600 73,600 nsurance on land & Building 1,600 4,800 Advertisement 3,200 3,200 Salesmen salaries 2,720 7,520 Land and buildings 80,000 160,000 Computers 16,000 48,000 4,000 34,400 Machinery Accounts payable 19,200 19,266 4,800 5,560 Tax payable owners' equity 64,000 176,000 Commission revenue 8,000 16,800 Inventory at 31st December 2020 was valued at RO. 27200 for and RO 26080 for E-max LLC respectively Identify the current liabilities for E-Max LLC? O a. RO 19,266 O b. RO 59,226 OC. RO 5,560 O d. RO 24,826 Determine the total of Administrative expenses for E-max LLC? a. RO 78,400 b. RO 84,800 c. RO 80,000 d. RO 76,800 Determine the cost of goods sold for the E-max LLC a. RO 235,040 b. RO 212,000 C.RO 271,680 d. RO 232,160 Determine the gross margin for E-max LLC? a. RO 159,200 O b. RO 174,720 O c. RO 103,040 O d. RO 168,960 Suppose that Extra LLC have incurred the net loss of RO-20000. Identify the correct Journal entry in case of net loss. O a. Debit:Retained earnings RO 20,000 Credit:Dividends RO 20,000 b. Debit:Income summary RO 20,000 Credit:Retained earnings RO 20,000 Oc. Debit:Retained earnings RO 20,000 Credit:Income summary RO 20,000 Od. Debit:Dividends RO 20,000 Credit:Retained earnings RO 20,000