On April 1, 2020, Zuhoor Muscat Company paid an insurance company RO 6,012 for an 18 months fire insurance. If the fiscal year of the company ends on July 31 each year. After the company record the...

On April 1, 2020, Zuhoor Muscat Company paid an insurance company RO 6,012 for an 18 months fire insurance. If the fiscal year of the company ends on July 31 each year. After the company record the required adjusting entry, then the amount to be included in the income statement is ____RO while RO_____ is the correct balance to be reported in the statement of Financial Position at July 31, 2020 respectively: a RO 1,336; RO 6,012 b. RO 1,336, RO 4,676 c. RO 1,000, RO 5,000 d. RO 6,012: RO 6,012