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2-B) Prize Company, based in USA, established a company in Oman, named Prize OM on...

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Accounting

2-B) Prize Company, based in USA, established a company in Oman, named Prize OM on 1 January 2022, by investing 500000 USD equivalent in OMR as capital. The company operated during the year, made sales, incurred expenses, and generated a profit and declared dividends on 15 December. The financial statements and the relevant exchange rates are given below. Omani Riyal is the functional currency. Translate the financial statements.
\table[[Income Statement 2022(OMR)],[Sales,350,000],[-COGS,-215,000
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