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Presented below is the trial balance of Muscat Corporation at December 31, 2019 Cash Sales Revenue Trading securities Accounts Debit OMR 197,000 Credit OMR 8,100,000

image text in transcribed Presented below is the trial balance of Muscat Corporation at December 31, 2019 Cash Sales Revenue Trading securities Accounts Debit OMR 197,000 Credit OMR 8,100,000 153,000 Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable 5,132,000 299,000 277,000 90,000 455,000 Selling Expenses 2,000,000 Investment Revenue Land Buildings Dividends Payable 63,000 260,000 1,040,000 136,000 Accrued Liabilities 96,000 Accounts Receivable 435,000 Accumulated Depreciation-Buildings 352,000 Allowance for Doubtful Accounts 25,000 Administrative Expenses 900,000 Interest Expense 211,000 Raw Materials 97,000 Work In process 250,000 Finished Goods 250,000 Gain (extraordinary) 80,000 Notes Payable (long-term) 900,000 Equipment 600,000 Bonds Payable (Due 2025) 1,000,000 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Share Capital 1,000,000 Treasury shares 191,000 Patents 195,000 Retained Earnings 210,000 Provision for pensions 80,000 If this information was used to prepare a statement of financial position, Total Non-Current Liabilities should beimage text in transcribed

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