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You were given the ledger balances of Al-Saffa Company for the year ended December 31, 2019: Act(OMR) 86,721 21.516 40 56 676 Accounts Account Receivable

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You were given the ledger balances of Al-Saffa Company for the year ended December 31, 2019: Act(OMR) 86,721 21.516 40 56 676 Accounts Account Receivable Acro Pasable Acted the precio Mer Experie Bades Bank overdra Payable Receivable Capital Cu C Rece Depreciate Property and Equipe Das Furniture Insurance Expense Interest Income No Payable Notes Receivable Office Suppliesen Hand Outlending Expense Prepaid Insurance Prepaid Heat Property and Equipment Rent Expres Retained Earning Salaries and Wages Service Heves 10.442 12.519 15.277 521 2.326 126,809 152.635 Question No. 5 Required: Prepare the following: Income Statement Statement of Changes Equity (2.5Marks) (4.5 Marks) on Owner's A. Income Statement for the year ended 31" December, 2019 18 621 18. SAS rre Property and Equipment Hent Expense Retained Earnings Salaries and Wages Service Heves 126.09 152.635 Question No. 5 Required: Prepare the following: Income Statement Statement of Changes Equity (2.5Marks) (4.5 Marks) on Owner's A. Income Statement for the year ended 31 December, 2019 IIIIIIIIII IIIIIIII Statement Showing Changes in Owner's Equity Question No. 6 Using the same data in Case 4, prepare the Statement of Financial Position. (8 Marks) Statement of Financial Position as at 31 December, 2019

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