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 2.4 million euros ().

EVAs main operations are located in Germany. It manufactures and sells German equipment throughout Europe. PAL acquired control over EVA so that it could utilize EVAs 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.

For the year ending December 31, Year 13, the condensed income statement for EVA was as follows:

EVA COMPANY CONDENSED INCOME STATEMENT
Year ended December 31, Year 13
Sales and other revenue		4,480,000
Cost of goods sold		2,016,000
Depreciation expense		188,600
Loss on decline in value of inventory		30,600
Other expenses		1,907,400
Total expenses		4,142,600
Net income		337,400

The condensed balance sheet for EVA was as follows:

EVA COMPANY BALANCE SHEET
At December 31, Year 13
Inventory (Note 1)		386,400
Property, plant, and equipment (net) (Note 2)		1,886,000
Other assets		2,710,000
Total assets		4,982,400
Unearned revenue (Note 3)		372,000
Other monetary liabilities		2,780,000
Ordinary shares		100,000
Retained earnings		1,730,400
Total liabilities and shareholders' equity		4,982,400

Notes and Additional Information

1. At December 31, Year 12, inventory was 360,000. 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 417,000 but had been written down to its net realizable value of 386,400. 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 non-refundable deposits received from customers evenly throughout the last quarter of the year.
4. Foreign exchange rates were as follows:

January 2, Year 5	1	=	$2.20
March 17, Year 9	1	=	$2.15
December 31, Year 9	1	=	$2.14
Average for Year 12	1	=	$2.05
Average for quarter 4 for Year 12	1	=	$2.04
Average for December Year 12	1	=	$2.02
December 31, Year 12	1	=	$2.00
Average for Year 13	1	=	$1.98
Average for quarter 4 for Year 13	1	=	$1.97
Average for December Year 13	1	=	$1.96
December 31, Year 13	1	=	$1.95

Required:

(a) Not available in Connect.

(b) Assuming that EVAs functional currency is the Canadian dollar, calculate the Canadian dollar amount for the following items on EVAs translated financial statements: (Omit $ sign in your response.)

(i)	Cost of goods sold for the year ended December 31, Year 13	$ 4061220 Numeric ResponseEdit Unavailable. 4061220 incorrect.
(ii)	Depreciation expense for the year ended March 17, Year 9	$ 405490 Numeric ResponseEdit Unavailable. 405490 incorrect.
(iii)	Inventory at end of year Year 13	$ 753480 Numeric ResponseEdit Unavailable. 753480 correct.
(iv)	Unearned revenue at end of year Year 13	$ 732840 Numeric ResponseEdit Unavailable. 732840 correct.
(v)	Ordinary shares at end of year Year 13	$ 214000 Numeric ResponseEdit Unavailable. 214000 correct.