Ques 6: The statement of financial position of Rania Corporation as at 31 December 2020 is given below together with comparative figures for the previous year. Statement of financial position of Rania Corporation as at 31 December 2020 Particulars 2020 2019 Particulars 2020 2019 Assets OMR OMR Equity and liabilities OMR OMR Non-current assets 77,000 62,000 Capital and reserves Current assets Ordinary share capital 80,000 65,000 Inventory 11,500 9,500 Share premium 3,200 2,400 Trade receivables 11,400 16,600 Retained earnings 15,800 3,000 Short-term investments 2,000 1,500 Non-current liabilities Cash/ Bank Balance 3,800 2,100 Long term Bank loan 0 11,000 Current liabilities Trade payables 1,000 4,1001 Proposed dividends 4,200 4,300 Taxation Provision 1,500 1,900 Total assets 105,700 91,700 Total equity and liabilities 105,700 91,700 Additional Information a) Interest paid during the year was 2,000. b) Tax paid and dividend paid are OMR 1,900 and OMR 4,300 respectively. c) Depreciation charge for the year was 9,400 d) Non-current assets with a book value of 8,000 were sold for OMR 8,600 at a profit of e) Non-current assets costing 32,400 were purchased during the year Required > Calculate profit before interest and tax (0.5 mark) Prepare statement of cash flow for the year ended 31 December 2020 (2.5 marks) 600