Ulsa Company has manufacturing subsidiaries in Malaysia and Malta. It is considering shipping the subcomponents of Product Y to one or the other of these countries for final assembly. The final product will be sold in the country where it is assembled. Other information is as follows:

Malaysia Malta

Average exchange rate $ $1=4\mathrm{.}30$ ringgits $ $1=0\mathrm{.}88$ euro

Import duty $4\%14\%$

Income tax rate $20\%10\%$

Unit selling price of Product Y $645$ ringgits $155$ euros

Price of subcomponent $215$ ringgits $48$ euros

Final assembly costs $200$ ringgits $55$ euros

Number of units to be sold $13,500$ units $7,400$ units

In both countries, the import duties are based on the value of the incoming goods in the receiving country's currency.

Required:

For each country, prepare an income statement on a per$-$unit basis denominated in that country's currency.