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The following data from the adjusted trial balance of Safa Shopping Center Trial balance for the year ended 31st December 2019 Account Debit Credit Cash

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The following data from the adjusted trial balance of Safa Shopping Center Trial balance for the year ended 31st December 2019 Account Debit Credit Cash in hand 16,000 Sales returns 2,000 Sales 338,000 Gain on sale of land 8,100 Interest revenue 4,600 Loss on sale of building 12,000 Salesman salary 2,200 Rent expense office 500 Cost of Goods sold 280,000 Office expense 14,500 Depreciation: office equipment 3000 Marketing expense 2500 Advertising expense 15000 Office Insurance expense 3,500 Dividend income 200 Commission income 300 TOTAL 351,200 351,200 What will be the total operating expense? a. 19700 b. 53200 c. 41200 d. 21500 What will be the net income? a. 56000 b. 72000 O C. 16000 O d. 338000 What will be the total Selling and distribution expense? a. 17200 b. 41200 c. 14800 d. 19700 What is the Gross Margin in terms of Percentage? a. Cannot be determined O b. 16.56 O c. 20.66 d. 16.66 What will be the Gross Profit at the end of the year December 2019 O a. OMR 336,000 O b. OMR 16000 O c. OMR 56000 O d. OMR 338,000

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