Question - 1: The following is the trial balance of the Muscat Textile Company for the year ending 31 December 2019. 800 Particulars Debit OMR Credit OMR Opening Inventory 40.000 Buildings 84,000 Plant & Machinery 160,000 Debtors 39,000 Purchases 90.000 Cash at bank 30,000 Cash in hand Export duty 5.000 Paid up Capital 150,000 16% Debentures 200.000 Retained profit as at 01.01.2019 11.500 Sales 230,000 Rent Received 1.200 Directors fee 4,000 Repair 2.400 Salaries 46,000 Insurance 4,100 Bad debts 1.000 Preliminary expenses 4,000 Interim dividend Furniture & Fixture 90,000 General Reserve 10,000 Share Premium 9.500 Creditors 7.100 Bills payable 10,000 Investment 20.000 Total 629,300 629,300 The following additional information is also provided: 1) Create a reserve for bad debts @5% on debtors. 2) Provide depreciation on Plant and machinery at 10% and furniture at 5% 3) Directors have proposed final dividend of 5%. 4) Closing Inventory as on 31 December 2019 is valued at 94,000 Required: Prepare Statement of comprehensive income, Statement of financial position and changes in equity 9,000