Question 29 Not yet answered Marked out of 1.00 P Flag question Following balances are taken from the adjusted trial balance of a service business: Capital OMR 20,000; Cash OMR 2,500; Service revenue 17,500; Salary expense OMR 1,200;Interest expense OMR 5,000; Drawings OMR 2,400; Utilities expense OMR 2,500 and prepaid salary OMR 500. What will be the net profit or net loss of the business? a. Net loss of OMR 11,700 b. Net loss of OMR 11,600 c. Net profit of OMR 8,800 d. Net profit of OMR 8,300