Using the data given, reconcile the cumulative translation adjustment ( 9 marks )

using the data sales Cost of goods sold Gross profit Depreciation expense Other operating expenses Income before tax Income taxes Net income Retained earnings, 1/1 N I Net income. Year 1 Dividends, 6/1N1 Dividenck. 12/1N1 Retained earnings. 12/31/Y1 Cash Receiv ables Inventory Plant and equipment Less: accumulated depreciation Total assets Accounts payable Long-term debt Common stock Retained eamings. 12/31N1 Cumulative translation ac%ustment Total liabiEties and stockholders' equity Exchange Rates January 1. Year 1 June 1. Year 1 Average for Year 1 November 15, Year 1 December 1, Year 1 December 31 , Year 1 ZAR 1,000.000 (600,000) 400.000 (50.000) (150.000) 200.000 (901000) 110 000 110.000 (20.000) (20.000) 70.000 80,000 150,000 270,000 500.000 (50.000) 950.000 80,000 500,000 300,000 70.000 950 ooo USDIZAR 0090 0095 0096 100 o. 105 0.110 Exchan ge Rate 0 096 D 096 0096 0096 0.096 0095 OM05 0.110 0.110 0.110 0.110 0 <10 0.110 0090 USD 96.000 (57.600) 38,400 (4,800) (14.400) 19.200 (8.640) 10.560 10.560 (1.900) (2.100) 6 560 8.800 16.500 29.700 55.000 (5.500) 104,500 8,800 55,000 27.000 6.560 7.140 104 500