If p and q are true and r and s are false, find the truth value of the following compound statement.
(p → q) ∨ (r ∧ s)
(p → q) ∨ (r ∧ s) ≡ (T → T) ∨ (F ∧ F)
≡ T ∨ F
≡ THence, truth value if T.