347 The Income statement of Vestle Company is given below. It is a UK Based company It has subsidiary in Oman. 1 GBP -0.4794 OMR, Historical Rate -0.48544 Average Rate is 1 GBP 0.48267 Particulars JUK Business Oman Business (In GBP) (In OMR) Sales 91,439 5,000 Other Revenue 300 Cost of goods sold 46,070 3,600 Distribution Expenses 8,469 80 R & D Cost 20,003 70 Other Expenses 1.769 Trading Profit 13,789 Other Operating Expenses 2572 Other Operating Income 2536 236 Operating Profit 13,752 Finance Expenses 1,008 Profit before Tax & Joint venture 12,744 976 3.439 156 Income from Joint Venture 916 Profit 10.221 1.484 916 Translate the income statement into the reporting currency using current non current method and monetary non-monetary method 12.5x2-5 Marks il Consolidate the income statement of Vestle Company by using current rate and temporal rate method and compare the profit between the two methods and suggest which method is best. 12.5x2=5 Marks