The summarised Financial Statements of ABC LLC as on 31st December are as follows: Particulars Current and Non-Current Assets (Omani Rials)-2019 (Omani Rials)- 2018 15200 17920 Cash Accounts receivables Inventory 56000 51200 109600 96000 16000 Investments 60000 Land 99200 92000 Equipment -44000 -32000 Accumulated depreciation - Equipment Total Assets 296000 241120 Equity and Liabilities Accounts payable 41600 33600 Accrued expenses payable 12000 13120 Dividends payable 4000 3200 Equity share capital 10 RO par value 80000 72000 Paid-in capital: Excess of issue over par 22400 16000 - Equity share capital 136000 103200 Retained earnings Total Liabilities and Owners equity 296000 241120 Additional data obtained from an examination of the accounts in the ledger for 2019 is: 1. The investments were sold for Omani Rials 19200 cash. 2. Equipment and land were acquired for cash. 3. There were no disposals of equipment during the year. 4. The common stock was issued for cash. 5. There was an Omani Rials 44800 credit to Retained Earnings for net income. 6. There was an Omani Rials 12000 debit to Retained Earnings for cash dividends declared.