Sub purchased inventory of < 3,500,000 evenly during Year 6. Opening and ending inventory were purchased evenly over the 4th quarter of Year 5 and Year 6, respectively. 2. Foreign exchange rates were as follows: January 1, Yr 1 E1 = C$0.180 Average during 4th quarter of Yr 5 61 = C$0.195 December 31, Yr 5 61 = C$0.210 Average during Yr 6 (1 = C$0.220 Average during 4th quarter of Yr 6 E1 = C$0.232 December 10, Yr 6 E1 = C$0.230 December 31, Yr 6 61 = C$0.241

453 Liabilities and shareholders' equity Accounts payable Bonds payable Common shares Retained earnings Sales Other income Cost of goods sold Expenses Selling and administrative Depreciation exp. Bond interest exp. Other expenses Statements of Income and Retained Earnings For the year ended December 31, Year 6 Net income Retained earnings, January 1'6 Dividends Retained earnings, December 31'6 2. Foreign exchange rates were as follows: January 1, Yr 1 $ 400,000 500,000 3,050,000 2,950,000 $ 6,900,000 Average during 4th quarter of Yr 5 December 31, Yr 5 Average during Yr 6 Average during 4th quarter of Yr 6 December 10, Yr 6 December 31, Yr 6 Par $ 3,000,000 120,000 3,120,000 1,800,000 1,320,000 550,000 300,000 70,000 920,000 400,000 2,650,000 3,050,000 100,000 $ 2,950,000 1 = C$0.180 1 = C$0.195 1 = C$0.210 1 = C$0.220 A6 ST1 2019 900,000 1,700,000 2,000,000 1,750,000 6,350,000 1 = C$0.232 1 = C$0.230 1 = C$0.241 Sub 5,010,000 5,010,000 3,200,000 1,810,000 Additional information: 1. Sub purchased inventory of 3,500,000 evenly during Year 6. Opening and ending inventory were purchased evenly over the 4th quarter of Year 5 and Year 6, respectively. 510,000 185,000 170,000 195,000 1,060,000 750,000 1,500,000 2,250,000 500,000 1,750,000