The following information relate to F&G bank for the year 31/12/2020 Interest and discount OMR 4,540,600 Rebate on bills discounted (1.1.2020) OMR 4,750 Bills discounted and purchased OMR 337,400 The unexpired discount as on 31/12/2020 is OMR 5,560 Calculate the net amount to be entered as interest and discount in Revenue/Income statement OMR 4,593,970 OMR 4,539,790 None of these OMR 4,539,950 Calculate the net profit earned by XYZ bank, from the data given below for the year ended 31.12.2020 Particulars OMR Interest earned 250,000 Other income 18,500 Interest expenses 170,000 Operating expenses 52,500 Rebate on bills discounted 24,000 1.1.2020 26,000 31.12.2020 Other income 18,500 Interest expenses 170,000 Operating expenses 52,500 Rebate on bills discounted 11.1.2020 24,000 131.12.2020 26,000 OMR 42,000 OMR 88,000 OMR 44,000 OMR 48,000 ho Net profit