Question No. 5 Required: Prepare the following: a. Income Statement b. Statement Showing Changes in Owner's Equity

Question No. 6 Usng ine same data in Case 4, prepare the Statement of Financial Position.

Case- 4 You were given the ledger balances of Safeya Graphics Arts for the year ended December 31, 2019: Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation Equipment Advertising Expense Service Revenues Building Cash Depreciation-Building Depreciation-Equipment Bank Bank overdraft Unearned Revenue Supplies Expense Equipment Interest Expense Land Miscellaneous Expense Bills Payable Notes Payable Office Supplies Capital Drawings Representation Expense Salaries Payable Travel Expense Salaries Expense Amount (OMR) 122,500 219,000 60,000 60,000 105,000 1,437,500 450,000 36,200 30,000 30,000 42,500 48,500 12,000 18,000 217,000 37,000 120,000 24,600 395,000 50,500 17,200 213,000 148,600 164,000 17.300 159,000 673.200 During the year, Safeya invested additional OMR 75,000 in the business