The following information of ABC Merchandise Business for the year ended 31st December 2020 Account Amount (OMR) Sales Discounts 2200 Sales returns 22,000 Sales 257,000 Interest revenue 1000 Gain on

The following information of ABC Merchandise Business for the year ended 31st December 2020

Account

Amount (OMR)

Sales Discounts

2200

Sales returns

22,000

Sales

257,000

Interest revenue

1000

Gain on Sale of land

2000

Interest expense

7,000

Salesman Salaries

38,000

Office rent

1400

Cost of Goods sold

160,000

Electricity expense – Office

300

Rent expense – office

100

Salesman commission

12500

Advertising expense

3500

Marketing expense

2500

Other non-operating expense

1000

will be the Total income summary (Closing income statement)) to be credited at the end 31st December 2020?

a.
OMR 260,000

b.
OMR 235,800

c.
OMR 233,800

d.
OMR 234,800

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