4. Rolf Limited is a private company that follows ASPE and that has a December 31 year- end. During 2020, the company reported the following losses: A $75,000 write-down of property, plant & equipment. A $25,000 adjustment of accrued revenue on long-term contracts. A $40,000 write-off of obsolete inventory. Disregarding income taxes, the amount of other comprehensive income reported would be: a. $65,000 b. $140,000 c. $100,000 d. None of the above 7. Presented below are changes in the account balances of Ennis Company during the year excluding retained earnings. Increase Increase Account (Decrease) Account (Decrease) Cash $ 25,000 Accounts payable $ 35,000 Accounts Receivable (net) (13,000) Bonds Payable (20,000) Inventory 52,000 Contributed Capital 88,000 PP&E (net) 37,000 The only entries in the retained earnings account year for the year were for net income (loss) and a dividend declared for $10,000. The amount of net income/loss) must have been: a. b. c. d. $26,000 $8,000 ($12,000) ($28,000)