Illustration 19 S&M Ltd., Bombay, have a branch in Sydney, Australia. Sydney branch is an integral foreign operation of S&M Ltd. At the end of 31st March, 2013, the following ledger balances have been extracted from the books of the Bombay Office and the Sydney Office: Bombay Sydney (*thousands) (Austr dollars thousands) Debit Credit Debit Credit Share Capital 2,000 Reserves & Surplus 1,000 Land 500 Buildings (Cost) 1,000 Buildings Dep. Reserve 200 Plant & Machinery (Cost) 2,500 200 Plant & Machinery Dep. Reserve 600 130 Debtors / Creditors 280 200 60 30 Stock (1.4.2012) 100 20 al 10 20 5 123 45 12 18 100 7 390 Branch Stock Reserve Cash & Bank Balances 10 Purchases / Sales 240 520 Goods sent to Branch 100 Managing Director's salary 30 Wages & Salaries 75 Rent Office Expenses 25 Commission Receipts 256 Branch/H.O. Current A/c 120 4,880 4.880 The following information is also available: (1) Stock as at 31.3.2013: Bombay 1,50,000 Sydney A $ 3,125 You are required to convert the Sydney Branch Trial Balance into rupees; (use the following rates of exchange : Opening rate AS = 20 Closing rate AS = 24 390