Question 1 State whether the following can be considered as relevant or not relevant information. Justify your answer. a) A 15-year old Statement of Profit or Loss is available to assess the current financial performance of the company. b) Companies report the type of car their CEO drives in an understandable and timely manner in the financial report. c) A company discloses an increase in Earnings per Share (EPS) from $5 to $6 since the last reporting period d) A default by a customer who owes $1000 to a company having net assets of worth $10 million. Question 2 Sunny Bakery sold 3,000 bread loafs to Seroja Caf in the year 2020 costing RM1 each. Seroja Caf has the option to return unsold breads to Sunny Bakery within 7 days of the sale. In the first week of 2021, Seroja Caf returned 200 of unsold bread loafs to Sunny Bakery Required: How much sale should Sunny Bakery recognize in its Statement of Profit of Loss for the year 2020? Justify your