The term 'general purpose financial statements' refers to the fact that the information conveyed is Select one: O a. generally reliable but not perfect. b. useful for general purposes but not for making specific decisions. c. potentially valuable for a number of users. d. average information from several accounting periods. The following are extracts from an income statement for the year ended 30 June 2018: Sales revenue 12,000 Cost of sales 6,500 Administrative expenses 2,000 Interest received (relates to business operation/ activities) Interest paid Advertising expenses Taxation (30%) Dividends paid to shareholders The correct Earnings before interest and tax (EBIT) is Select one: O a. $2,800 b. $1,990 c. $2,950 d. $2,850 If total assets equal $145,000, total liabilities are $90,000 and total equity equals $55,000 then net assets equals (Type answer without the 5 or comma eg: 10000)