The following information relates to Al Afnan company for the year ended 31st December 2019. Prepare an income statement based on CPP to answer the MCQ Details Amount in Omani Rial 5000 Net monetary assets on 1st January 2019 Net monetary assets on 31st December 2019 Transactions during the year are as follows: 35000 Cash sales 40000 Credit Sales 50000 Credit Purchases 35000 10000 5000 Wages Other operating expenses Interest paid General Price index on 1st January 2019 10000 1100 General Price Index on 31st December 2019 150 Average Index for the year 2019 125 37 The value of total sales as per CPP is d out of O a RO 108000 O b. RO 105000 OC. RO 100000 O d. RO 102000 38 The CPP value of Non-monetary assets as on 1st January is ut of O a RO 5000 O b. RO 7500 OC. RO 5500 O d. RO 6000 9 The Net monetary profit or loss of the Business in terms of CPP is of a. Net monetary Loss of RO 10500 b. Net Monetary gain of RO 10500 Oc Net Monetary Loss of RO 35000 O d. None of the options are correct