Apple, Inc. Consolidated Statement of Operations fin millions excent numher of charac whirh ara raflartad in thoue ande and nar chara Note: Effective tax rate equals the percent of income 1970 % before tax, that Apple paid to state, local and federal income taxes. An Apple income statement for 2020 is attached. You will need this income statement to answer the assignment questions. Ideally, use Excel functions to accomplish calculations. Or, you may use the picture below and compute amounts with a calculator. Apple Financial Statements 2020.xlsx D. Question 1 (Mandatory) (4 points) With respect to the reporting period shown on the Apple income statement, the following is true - 1) Apple reports on an annual basis with a year ending December 31 and they show the most recent year in the left most column. 2) Apple reports on a fiscal year basis that ends based on the September harvest moon date and shows its most recent year in the farthest right column. 3) Apple reports on a fiscal year basis that ends near the end of September and they show the most recent year in the left most column. 4) Apple reports on an fiscal year basis that ends on September 30 of each year with the most recent year shown in the farthest right column. Apple, Inc. Consolidated Statement of Operations (In millions, except number of shares which are reflected in thousands and per share