The following are balance sheet and income statement of Dhofar Steel Company DHOFAR STEEL COMPANY - BALANCE SHEET 2019 2018 Cash 79000 35000 Dividends Payable 90000Accounts payable Accounts Receivable 162000 Inventories 80000 50000 Taxation Current Assets 321000 175000 Current Liabilities Non-current (Fixed) Assets Non-current Liabilities Land and Building 450000 150000 Long-term Debt Plant 120000 80000 Equity Motor vehicles 50000 60000 Profit and Loss Balance Total Assets 941000 465000 Total Liabilities and Equit 2019 Dhofar Steel Company- INCOME STATEMENT Net Sales 900000 Opening inventories 50000 Net Purchases 400000 -Closing inventories (80000) (3700001 Total Assets 94 TUUU 469UUU Total Liabilities and Equn Dhofar Steel Company- INCOME STATEMENT 2019 Net Sales 900000 Opening inventories 50000 Net Purchases 400000 -Closing inventories (80000) (370000) Gross Profit 530000 expenses 250000 50000 (300000) Depreciation Operating Profit before interest 230000 - Interest expenses (8000) Gain on disposal of plant 8000 Profit before tax 230000 Taxation (60000) Profit after tax 170000 What is the beginning balance for cash in the cash flow statement? 3= Select one: Gain on disposal of plant 8000 Profit before tax 230000 Taxation (60000) Profit after tax 170000 What is the beginning balance for cash in the cash flow statement? Select one: A. RO 35000 O B. RO 80000 C. RO 44000 O D. RO 79000 Next page