2. Balance sheet of Blue Diamond Company as on 31" December, 2019 is given below: (3.5 Marks) Assets Amount Liabilities & Equity Amount (OMR) (OMR) Cash 65,000 Accounts Payable 56,000 Accounts Receivable 30,000 Salaries Payable 32,000 Inventory 45,000 Bonds 50,000 Land and Buildings 80,000 Long term loan 52,000 Furniture 40.000 Share Capital 70,000 Motor Vehicles 60,000 Retained earnings 60,000 Total 320,000 Total 320,000 Net Profit before Interest and tax was OMR 150,000. Interest paid was OMR 40,000 and Tax rate is 35%. 2. Balance sheet of Blue Diamond Company as on 31" December, 2019 is given below: (3.5 Marks) Assets Amount Liabilities & Equity Amount (OMR) (OMR) Cash 65,000 Accounts Payable 56,000 Accounts Receivable 30,000 Salaries Payable 32,000 Inventory 45,000 Bonds 50,000 Land and Buildings 80,000 Long term loan 52,000 Furniture 40.000 Share Capital 70,000 Motor Vehicles 60,000 Retained earnings 60,000 Total 320,000 Total 320,000 Net Profit before Interest and tax was OMR 150,000. Interest paid was OMR 40,000 and Tax rate is 35%