32 2018 $m 2019 $m 150 300 ut of 90 0 INCOME STATEMENT Year ended Product Sales Contract Trading Sales (based on increase from Market Value) Total Sales Total Expenses Net Income 450 140 310 90 61 29 $m $m 630 280 420 80 BALANCE SHEET Other Assets Pipeline Contract at Cost add: Increase in Market Value Total Assets 300 0 1,210 500 Bank Loans 380 80 Equity Total Liabilities and Equity 830 1,210 420 500 Equity Total Liabilities and Equity 830 1,210 420 500 Which of these statements is/are correct for the above company? I The Return on Equity for 2019 was 37%, and was 6.9% for 2018. Il If the Contract Trading Sales were not included for 2019, The Return on Equity for 2019 would have been 1.9%. Select one: O a. Both (1) and (II) are correct O b. Only Il is correct. O c. Both (1) and (II) are incorrect. O d. Only lis correct