The following is an extract from the Notes to the Accounts explaining the calculation of the gain or loss on translation from a functional currency into a presentation currency for the year ending 30 June 2019:

Net assets at 30 June 2019 at (i) rate (800 x 2.30)

Less Components of Net Assets at their (ii) rates

- Share Capital 500 x 2.00

- Closing Retained Earnings

$1 840

-$1 000

-$710

Translation Gain

$130

What are the rates represented by (i) and (ii) above?

A.

(i) Historical; (ii) Current.

B.

(i) Closing; (ii) Historical.

C.

(i) Spot; (ii) Current.

D.

(i) Current; (ii) Spot.

E.

(i) Forward; (ii) Historical.