Statement of Financial Position as at 31 December 2021 Emoji Inc dollar I Asset Non-current assets Plant at cost 500 Less depreciation (200) Current assets Inventories 200 Receivables 100 Equity and liabilities Equity 100 Ordinary shares Reserves 280 Long-term loans Current liabilities Statement of Profit or Loss for the year Eeded 31 December 2021 Emoji Inc dollar 300 Profit before tax Tax (140) Profit after tax, retained 160 The following further information is given: i. Smiley Berhad has owned shares in Emoji Inc since 1 January 2021. On that date the company had reserves of 120. Exchange rates: ii. 1 January 2021 1.8 to RM1 1.6 to RM1 Average rate for year ending 31 December 2021 31 December 2021 1 to RM1 Required: Translate the statement of financial position and statement of profit or loss of Emoji Inc into Ringgit Malaysia (RM). (15 marks) dollar 300 300 600 380 110 110 600