Sales discounts 2,400 Sales returns and allowances 27,700 Income taxes Cost of goods sold Sales salaries expense Sales revenue 3,600 10,000 7,200 9.600 Advertising expense Administrative Salaries expense 88,000 8,300 If this information was used to prepare an income statement Gross Profit should be Select one a. 82,000 b. 48,300 c. 54,300 d. 51.900 e 60,300 Muscat Company purchased OMR 8,000 of supplies on January 1.On January 30 an inventory of the supplies indicated only OMR 2,000 on hand. The adjusting entry that should be made by the company on January 31 is: Select one: a. Debit Supplies OMR 6,000: Credit Supplies Expense. OMR6,000 b. None of the answers are correct Debit Supplies Expense, OMR 6.000 Credit Supplies, OMR 6,000 d. Debit Supplies OMR 2,000; Credit Supplies Expense, OMR 2.000 Debit Supplies Expense, OMR 2000: Credit Supplies, OMR 2,000 Accounts Accounts Retained earnings 214,680 89,500 1,860 Inventory 25,000 Building Accounts receivable Share capital-ordinary Salaries payable Cash 30,000 60,000 Share premium 100,000 11,300 If this information was used to prepare a statement of financial position, Total equity should be: Select one: a. 274,680 b. 214,680 C. 154,000 d. 374,680 e. 60,000