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  3. 4. on 1 january 2015, blanket ld acquired 80% of t

4. On 1 January 2015, Blanket Ld acquired 80% of the ordinary shares of 8...

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4. On 1 January 2015, Blanket Ld acquired 80% of the ordinary shares of 8 subsidiary. Sheet Org. Sheet Org trades in the currency pens". The summary income strtement and statpment of firancial position of Sheet Org are given as follows: Statement of Financial Position as at 31 December 2022 Income Statement for the year ended 31 December 2022 The following information is also available 1 No change to the share capital of Sheet Org has taken place since it was acquired by Blanket Lt 2 Non-cuirent assets were acquired on 1 January 2015 3 Opening inventones were acquired on 12 November 2021 and closing inventeries were acquired on 15 December 2022 Exchange mizs are given as fallows. The framslated netained earnings bought forvard or Sheet Qug 15.500 underthe ruethod for tanslating into the functonal aumency (thporal method) (e) Translate the income statement for the year ended 31 December 2022 and statement of financial position as at 31 December 2022 for Sheet Org using the method of translating into the functional currency (the temporal method)

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