The Diamond Company had the following balances as on 31 December, 2020. (5 Marks)

Particulars Amount (OMR) Land and Building 90,000 Prepaid Expenses 20,000 Cash in hand 7,300 Accounts Receivable 46,000 Closing inventory 36,400 Machinery 70,000 Drawings 20,600 Accounts payable 15,500 Outstanding expenses 44,000 Bank overdraft 30,000 Capital 59,300 Retained Earnings 55,000 Bonds 56,000 Net profit 30,500

Required: Prepare Balance Sheet from the above information