Parmalane reports the following information:

Sales revenue $500,000 Cost of goods sold 200,000 Operating expense 40,000 Unrealized loss on non-trading securities 10,000 Parmalane should report the following under the two-statement approach using IFRS:

(a) net income of $260,000 and comprehensive income of $270,000.

(b) net income of $270,000 and comprehensive income of $260,000.

(c) other comprehensive income of $10,000 and comprehensive income of $270,000.

(d) other comprehensive loss of $10,000 and comprehensive income of 250,000.