1. Which of the following items may appear in a company's statement of changes in equity, according to IAS 7 Presentation of financial statements? 1. 2. Revaluation gains Dividends paid Process from equity issue Profit for the period 3. 4. a) 1, 2 and 4 only b) 2, 3 and 4 only c) All four items d) 1, 3 and 4 only 2. On December 31, 2020, the inventory of Rwas completely destroyed by flood rains. The following information available: 1. 2. 3. 4. Inventory at December 1, 2020 at cost $31,400 Purchase for December 2020 $55,600 Sales for December 2020 $88,800 Standard mark-up on cost is 25% Based on this information which of the following is the amount of inventory destroyed? a. $15,960 b. $17,760 C. $20,400 d. $22,200