Which of the following is/are true regarding the statement of financial position and statement of comprehensive income? L The statement of comprehensive income reflects a summary of activity that occurs over some period of time while the statement of financial position is a snapshot taken at a single point in time. ll. Both represent a summary of activity that occurs over some time period. IIL The two statements, taken together, give an accurate estimate of the firm's cash flows and market value. . I only O Il only Ill only I and IlI only 11 and ill only