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Prosented below is the trial balance of Muscat Corporation at December 31, 2010 Accounts Debit Credit Cash OMR 197,000 Sales Revenue OMR 8,100,000 Trading securities

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Prosented below is the trial balance of Muscat Corporation at December 31, 2010 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 Revonue 63.000 Land 260,000 Buildings 1,040,000 Dividends Payable 135,000 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 150,000 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 Current Assets should be: Select one: O a: 2,419,000 b. 1,357,000 c. 1,504,454 O d. 3,776,000 O e. None of the answers are correct

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