Q9. The financial record of Ayesha Inc. was destroyed by fire at the end of 2020. Fortunately, the controller had kept certain statistical data related to the income statement as below: The beginning inventory was OMR 138,000. Sales discount was OMR 25,500 45,000 ordinary shares were outstanding. Interest expenses OMR 10,000 Income tax rate 30% Cost of goods sold OMR 650,000 and gross sales OMR 1,500,000 Administrative expenses are 20% of cost of goods sold. Four fifth of the operating expenses related to sales activities. From the foregoing information, prepare an income statement. 8. Zahir company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $900,000 on March 1, $600,000 on June 1, and $1,500,000 on December 31. Zahir company borrowed $500,000 on March 1 on a 5-year, 12% note to finance the construction of building. In addition, the company had outstanding all year a 10%, 5-year $1,000000 note payable and an 11%, 4-year, $1,750,000 note payable. Compute the following: (a) Weighted average accumulated expenditure (b) Capitalization rate used for interest capitalization purpose (c) Avoidable interest