Question 1 Given the following information for 2020 about Armoti company to answer the question: S5000 net loss for 2020 S2000 comprehensive income for 2020 the amount of other comprehensive income (loss) to be reported at statement of comprehensive income for 2020, is: S Saif merchandising Co. had the following account balances at 31/12/2020: 5000 Dividend revenue 1000 interest revenue 3250 Rent revenue 1375 Sales returns 65 Gain from sale of equipment 310 Gain from discontinued operations (net of tax) 35000 sales revenues What amount would Saif report as other income for 2020 income statement? $9,315 $9,625 $43,250 O $9,250 Question 3 Income includes both revenues and gains True False Question 4 other comprehensive income accounts need closing entries at the end of the accounting period. True False