Ques 5: (4 marks) The Balance Sheet for ABC Co. as at 31 December 2020 is provided below together with comparative figures for the previous year is given below Balance Sheets of ABC Company as at 31 December Particulars 2020 2019 Particulars 2020 2019 Assets OMR OMR Equity and liabilities OMR OMR Non-current assets 62,500 47,000 Capital and reserves Current assets Ordinary share capital 62,500 46,900 Inventory 10,800 11.000 Share premium 3.200 1,600 Trade receivables 10,500 6,200 Retained earnings 9,800 4,000 Short-term investments 1,500 500 Non-current liabilities Cash/ Bank Balance 2,700 700 10% loan notes 0 2,000 Current liabilities Trade payables 4,800 4,700 Proposed dividends 5,200 4.300 Taxation 2,500 1,900 Total assets 88,000 65,400 Total equity and liabilities 88,000 65,400 Additional Information a. During the year interest paid was OMR 1,893. b. Depreciation charge during the year was OMR 9,400. c. Non-current assets with a book value of OMR2,500 were sold at a profit of OMR 600. d. Non-current assets costing OMR 27,400 were purchased during the year. Required Calculate "profit before interest and tax (1 mark) Prepare statement of cash flow for the year ended 31 December 2020