EVA Company was incorporated on January 2 , Year 5 , and commenced active operations immediately. Ordinary shares were issued on the date of incorporation and no new ordinary shares have been issued since then. On December 31, Year 9, PAL Company purchased 70% of the outstanding ordinary shares of the EVA for 2.3 million euros (). EVA's main operations are located in Germany. It manufactures and sells German equipment throughout Europe. PAL acquired control over EVA so that it could utilize EVA's extensive distribution network. EVA continued to manufacture and sell German equipment. However, it also purchases and sells equipment manufactured by PAL in Canada. EVA has 90 days to pay for its purchases from PAL. During this time, EVA is usually able to resell the equipment in Europe and collect the receivables. EVA did not have to hire additional sales people to sell the product. It built a new distribution centre in Frankfurt. This facility was financed with retained earnings from EVA Company. The condensed balance sheet for EVA was as follows: Notes and Additional Information 1. At December 31, Year 12, inventory was 282,000. The inventory at the end of Year 12 and Year 13 was purchased evenly throughout the last month of each year. The inventory at December 31, Year 13 , had cost EVA 336,000 but had been written down to its net realizable value of 309,200. Purchases and sales of inventory occurred evenly throughout the year. 2. EVA purchased its property, plant, and equipment on March 17, Year 9 . There were no purchases or sales of property, plant, and equipment since March 17, Year 9. 3. The unearned revenue represents nonrefundable deposits received from customers evenly throughout the last quarter of the year. 4. Foreign exchange rates were as follows: Required: (a) This part of the question is not part of your Connect assignment. (b) Assuming that EVA's functional currency is the Canadian dollar, calculate the Canadian dollar amount for the following items on EVA's translated financial statements: (Omit \$ sign in your response.)