Date: 17-05-2021 b. Slater Co. owns 35% of Maple Co.'s shares. The following information is provided: i. For the year ended 30th June 2021, Maple Co. made a net profit of $3m. ii. Maple Co. charges a margin of 25% on all sales. During the year, Maple Co. sold goods worth $1.2m to Slater Co, but y remain unsold. iv. A plant is depreciated by $50,000 during the year. Required: Calculate the associate's share of the profit. (7 marks)