1. 100% of Bashville Ltd, a Jamaican company was acquired by Grayton Ltd a UK company on October 1, 2019. The purchase consideration and fair value of Bashville Ltd was JA$300,000,000. The following information is available.

Bashville Ltd
Balance Sheet as at October 1, 2019
Assets	JA$
Cash	11,100,000.00
Accounts receivable	16,800,000.00
Inventory	72,600,000.00
Plant and equipment (less accumulated depreciation)	228,000,000.00
	328,500,000.00
Liabilities
Accounts payable	8,100,000.00
Long term loan	48,000,000.00
	56,100,000.00
Total Net Assets	272,400,000.00
Equity and reserves
Ordinary shares	240,000,000.00
Retained earnings	32,400,000.00
	272,400,000.00

Bashville Ltd
Trial balance as at September 30, 2020		JA$
Cash		7,200,000.00
Accounts receivable		32,400,000.00
Inventory		108,000,000.00
Plant and equipment (less accumulated depreciation)		206,400,000.00
Accounts payable		- 6,000,000.00
Long term loan		- 24,000,000.00
Ordinary shares		- 240,000,000.00
Opening Retained earnings		- 32,400,000.00
Sales		- 180,000,000.00
Cost of Goods Sold		97,200,000.00
Depreciation Expense		10,800,000.00
Other Expenses		11,400,000.00
Dividends paid April 1 , 2020		9,000,000.00
		-

The foreign currency rates for the GBP to the JA$ are as follows:

October 1, 2019 – JA$165.84

April 1, 2020 – JA$ 167.62

September 30, 2020 – JA$182.31

Average for the year – JA$173.20

The functional currency of Bashville Ltd is JA$. There were no intercompany trades.

a) Prepare the statement of financial position and profit and loss of Bashville Ltd as at September 30, 2020 translated to GBP prior to consolidation with Grayton Ltd.

b) Calculate The Equity in Investment account balance for Bashville Ltd in the books of Grayton Ltd as at September 30, 2020.