The following is a trial balance for a subsidiary of a Jordanian company on 31/12/2020. The subsidiary reports in the British pound, but its functional currency is the Jordanian Dinar.

31/12/2020	Debit balance (BP)	Credit balance (BP)
Cash	4,000
Accounts receivable	4,000
Inventory	5,000
Property, plant, and equipment (net)	10,000
Trademark	5,000
Administrative expenses	2,000
Selling expenses	3,000
Depreciation expense	7,000
Cost of goods sold	10,000
Accounts payable		4,000
Bank loan		11,000
Common Stock		10,000
Additional paid in capital		5,000
Retained earnings		3,000
Sales		17,000
Total	50,000	50,000

The following information is given

1- Common stock was issued on 1/1/2010, and was not changed after that.

2- Inventory was purchased on 24/12/2020

3- Property, plant, and equipment were purchased on two dates, 1/10/2013 and 15/5/2015

4- The trademark was purchased on 1/7/2017

5- Cost of goods sold are based on purchases at the average for 2020 year rate

6- Retained earnings are remeasured from last statement of financial position at 2,700 JD.

The exchange rate for the British pound is as follows

Date	Rate
1/1/2010	1 BP = 1.25 JD
1/10/2013	1 BP = 1.30 JD
15/5/2015	1 BP = 1.10 JD
1/7/2017	1 BP = 1.05 JD
24/12/2020	1 BP = 0.95 JD
31/12/2020	1 BP = 0.90 JD
Average for 2020	1 BP = 0.91 JD

Required: Remeasure the trail balance of the subsidiary to Jordanian Dinars as on 31/12/2020, and prepare the 2020 income statement in Jordanian dinars