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Ramikin Co is a fully owned subsidiary of Bobbin Lid, an Australian company. Bobbin Ltd purchased all the issued capital of Ramikin Ltd on 1

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Ramikin Co is a fully owned subsidiary of Bobbin Lid, an Australian company. Bobbin Ltd purchased all the issued capital of Ramikin Ltd on 1 July 2014. Ramikin Ltd's local curry Canada $. The following information is from the foreign currency accounts of Ramikin Ltd for the period ended 30 June 2015. Column (1) SCAN SCAN Sales revenue 5 000 Less Cost of good sold Opening inventory 300 Purchases 2 150 Closing inventory (400) 2 050 Gross Profit 2 950 Expenses (1 200) Operating profit 1 750 Income tax expense 980 Operating profit after tax 770 Assets PPE 7 450 Land 4 000 Cash and debtor 830 Inventory 400 Total Assets 12 680 Liabilities Bank Loan 4 000Assets PPE 7 450 Land 4 000 Cash and debtor 830 Inventory 400 Total Assets 12 680 Liabilities Bank Loan 4 000 Trade Creditors 610 Shareholders' funds Share Capital 5300 Retained Earnings 01 July 2014 2 000 30 June 2015 770 2770 Total Liabilities and shareholders' funds Additional information: All revenues and expenses were earned or incurred evenly throughout the year. Inventory was purchased evenly over the period, with the inventory on hand at the end of the period purchased over the quarter ending on 30 June and trade creditors were accrued evenly over the period. Suppose the functional and presentation currency are Australian dollars. Exchange rate information: July 2014 SCAN1.00=A$1.230 30 June 2015 SCAN1.00=A$1.150 Average rate for the year ended 30 June 2015 SCAN1.00=A$1.140 Average rate for quarter ending 30 June 2015 $CAN1.00=A$1.210 Assume the rates for any dates not listed above are SCAN1.00=A$1.200 Required: Based on the information provided, provide translated statement of comprehensive income and translated statement of financial position for Ramikin Co at 30 June 2015

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