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Sadaf Oman Company started the year with total assets of RO 150,000 and total liabilities of RO 120,000. During the year, the company did not

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Sadaf Oman Company started the year with total assets of RO 150,000 and total liabilities of RO 120,000. During the year, the company did not issue any additional shares in capital, the business recorded RO 351,000 in revenues, RO 165,000 in expenses, and paid dividends of RO 30,000. The net income reported by Sadaf Oman Company for the year was: Select one: O a. RO 150,000. O b. RO 186,000. O c. RO 156,000. O d. RO 216,000

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