Master Limited has the following items in its statement of profit or loss and other comprehensive income for the year ended 30 June 2017: Revenue FC*130,000 Cost of goods sold FC45,000 Other expenses FC14,000 Income tax expense FC12,000 *FC = Foreign Currency. All items were earned and incurred evenly across the year. The following exchange rates applied: End of reporting period FC1 = $1.44 Average rate for year FC1 = $1.42 The net profit after tax translated into the presentation currency is: $83,780. $40,972. $41,549. $84,940.