Financial Accounting 3: QB3001 3. Set out below are the actions of April I, absidiary of a private German company Weber PLC, during X7. April was incorporated at the beginning of X7 so operate in the UK The exchange rates ruling during X between sterling and the cum was Date 1 Jan X7 Ex Rate EL3: Tratanton bank lows raised 000 4,000 1,000 310X7 31 Dec X7 E15 4 EL 55 E e-cument assets purchased 3,000 pening inventory purchased 1,000 closing inventory purchased 2,000 Average during year E14 E Profit & Loss for the year to 31 December.X2 Sales Opening inventory Purchases Closing inventory Cost of sales Depreciation Other expenses Interest Profit before tax Tax Net profit Balance sheet at 31 December X7 000 000 12,000 1,000 8.000 (2000) 7,000 300 1,600 100 3,000 1.500 500 Non current assets Depreciation 3,000 300 2,700 Current assets Inventory 2000 Accounts receivable 3,000 Bank 1,300 6.300 2.000 Share capital 4,000 Retained earnings 1.500 Long-term loan 1,000 Creditors 1,000 Tax 1.500 9.000 Required: Translate the accounts of April for X7 imo euro assuming that the functional currency of April is euro.