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

Presented below is the trial balance of the Corporation on December 31, 2019

Accounts

Debit

Credit

Cash

OMR 197,000

Sales Revenue

OMR 8,100,000

Trading securities

153,000

Cost of Goods Sold

5,132,000

Debt Investments (long-term)

299,000

Equity Investments (long-term)

277,000

Notes Payable (short-term)

90,000

Accounts Payable

455,000

Selling Expenses

2,000,000

Investment Revenue

63,000

Land

260,000

Buildings

1,040,000

Dividends Payable

136,000

Accrued Liabilities

96,000

Accounts Receivable

435,000

Accumulated DepreciationBuildings

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 DepreciationEquipment

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

prepare a classifies balance sheet given the available information.

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