Can you help me answer these questions by providing step by step explanation? Thanks

Problem 25-4 (IFRS) SME provided the following analysis of income and expenses for the current year: 5,500,000 Revenue 100,000 Other income 1,100,000 Purchases Change in inventory - decrease 130,000 Wages, salaries and benefits 2,260,000 Depreciation 520,000 Other expenses 380,000 Advertising 150,000 Finance cost 60,000 Income tax expense 300,000 Exchange difference on translating foreign operation, net of tax - credit 10,000 Decrease in the fair value of hedging instrument, net of tax - loss 6,000 1. What is the net income for the current year? a. 1,000,000 b. 1,260,000 C . 700,000 d. 882,000 2. What net amount should be reported as component of other comprehensive income? a. 10,000 b. 16,000 C. 6,000 d. 4,000 3. What is the total comprehensive income for the year? a, 684,000 b. 716,000 C. 710,000 d. 704,000