Redraft the statement of financial position as of 25th February 2021 to reflect the above creative accounting measures.

Muscat Distributors LLC (MDL)'s financial position as of 28 February 2021 is as follows: Statement of Finanancial Position Equity and Liabilities Share capital OMR'000 20000 Bank loan OMR'000 Assets 18000 Motor Vehicles at NBV (Cost: OMR 25 000 000) 7000 Inventory: Unsold cars Inventory: Spare parts 10000 Other assets 35000 8000 5000 2000 35000 Net Profits *NBV: Net Book Value. The company management has been decided the following 'creative accounting measures: 5 a) Currently, MDL depreciates motor vehicles by straight-line method over 5 years. However, the company has decided to change its depreciation policy as straight-line method over 8 years b) Inventory: Unsold cars - Increase by OMR 600 000 to represent low provision for damaged cars. C) Inventory: Spare parts - Decrease by OMR 250 000 to represent obsolete spares