NO.1 The following are the details of accounts of Mr. Omar. Sales 150,000 Purchases 85,000 Sales return 4,000 Purchase return 1,000 Discount received 2,000 Discount allowed 1,400 Stock 1 January 2019 15,000 Salaries 2,000 Rent and rates 1,200 Sundry expenses 1,400 Premises 100,000 Vehicles 25,000 Accounts Receivables 10, 000 Cash 8,000 Accounts payable 14,000 Tax payable 2,000 Capital 80,000 Drawings 6,000 Long term loans 10,000 Closing Stock on December 31, 2019 OMR Required 1. Prepare the Trial balance of Mr. Omar. (1 MARK) 2. Prepare Statement of Comprehensive Income for the year ended 31 December 2019. (2 MARKS) 3. Statement of Financial Position as on 31 December 2019 (2 MARKS) QUESTION NO.2 The following are the details of accounts of Mr. Abdullah Account Details Amount Capital Amount 20,000 Accounts receivables 5400 Drawings 1800 Machinery 7000 Accounts payable 2800 Salaries 400 Purchases 19,000 Opening stock (1.1.2019) 4000 Cash 3000 Sundry expenses 300 Rent and rates 10,000 Printing expenses 900 Sales Total 29,000 51,800 51,800 Other Information: 1. Closing Stock on December 31, 2019 OMR.... 2. Salaries outstanding OMR 100 3. Rent paid in advance OMR 400 4. Depreciate machinery by 10% Required:- 1. Prepare Statement of Comprehensive Income for the year ended 31st December 2019. (2 Marks) 2. Statement of Financial Position as on 31st December 2019