Reference no: EM133103805

Question - Kansas Limited reports the following items in its Statement of Profit or Loss:

US$

Revenue 136,500

Administration expense 52,500

Interest expense 21,000

Income tax expense 18,900

All items arose evenly across the year. The following exchange rates applied:

Start of the reporting period US$ 1.00 = AUD $1.34

End of reporting period US$ 1.00 = AUD $1.52

Average rate for year US$ 1.00 = AUD $1.44

Required - What the net profit after tax translated into the functional currency of AUD?