5-Presented below is the trial balance of Muscat Corporation at December 31, 2019 Accounts Debit Credit Cash OMR 197,000 Sales Revenue OMR 8,100,000 Trading securities Cost of Goods Sold 153,000 5,132,000 299,000 277,000 Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses Investment Revenue 90,000 455,000 2,000,000 63.000 Land 260.000 1.040.000 Buildings Dividends Payable 136.000 06.000 435.000 Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts 352.000 25,000 Administrative Expenses 900.000 Interest Expense 211.000 n UUM Interest Expense 211,000 Raw Materials 97,000 Work In process 250 000 Finished Goods 250 000 80,000 900.000 Gain (extraordinary) Notes Payable (long-term) Equipment Bonds Payable (Due 2025) Accumulated Depreciation Equipment Franchises 600 000 1.000.000 60.000 160.000 Share Capital 7.000.000 Treasury shares 191.000 Patents 195 000 1 IN 1 5 8 1 10 11.1 12 13 | 14 | 15 1,000,000 Share Capital Treasury shares Patents Retained Earnings Provision for pensions 191,000 195,000 210,000 80,000 If this information was used to prepare a statement of financial position, Total Non- Current Assets should be: Select one: a. None of the answers are correct b. 1.357,000 c. 1,504,454 d. 2,419,000 e. 3.776.000 Muscat Company uses the periodic inventory system to account for inventories Information related to Muscat Company's inventory for the month of January 2020 is given as follows: 0 9 C2M3CM 10 12 EWU Muscat Company uses the penodic inventory system to account for inventories. Information related to Muscat Company's inventory for the month of January 2020 is given as follows: Units Per unit price Total Balance 11/20 200 OMR 5.00 Purchase/1/15/2020 100 5.80 Purchase 1/28/2020 100 5.50 The physical inventory count on January 31 shows 120 units are on hand. Using the FIFO method, what is the cost of goods sold? B 100 5.30 Purchase, 1/15/2020 Purchase, 1/28/2020 100 5.50 The physical inventory count on January 31 shows 120 units are on hand. Using the FIFO method, what is the cost of goods sold? Select one: a. None of the answers are correct b. OMR 656 COMR 600 d. OMR 1,424 e. OMR 520