Step -2: Using the financial report answer the following questions: 1. Brief introduction about the company? ( 1 Mark) Company Name : Established: No. of Employees: No. of Omani Employees: No. of Non-Omani Employees: Principle activities: Branches: Head office Location: 2. List various items (only account heads, no need write figures) appear under the following categories: (1.5 Marks) 2. List various items (only account heads, no need write figures) appear under the following categories: (1.5 Marks) Category Account Names a) List of Assets b) List of Liabilities c) Owners' Equity d) List of Revenues e) List of Expenses Page | 1 3. Develop a basic "accounting equation" (Assets Liability + Owner's Equity) for the year 2019 & 2020. (1 mark) 4. Calculate "Net Profit" of the company for the year 2019 & 2020 by using the "Simple Income Statement" format which you learned in the class? (1.5 Mark) 5. "Company's net income appears directly on the income statement and the owner's equity statements, and it is included indirectly in the company's balance sheet". Do you agree? Explain how the net income is shown in Balance Sheet. ( 1.5 Marks) 6. What is a total assets value of the company during 2019 and 2020? Provide calculation ( 1.5 Mark) 7. What is a total Liability value of the company during 2019 and 2020? Provide calculation (1.5 Mark) 8. What is a total Owner's Equity value of the company during 2019 and 2020? Provide calculation (1 Mark) 9. What is the accounting period of the company? (0.5 Mark) 10. Which method (periodic or perpetual) the company has used to calculate the Cost of Inventory? Explain briefly. (if the company is service organization, then explain both methods briefly) (1 Mark)