Mortimer Limited Has the Following Items in Its Statement of Profit

Multiple Choice

Mortimer Limited has the following items in its statement of profit or loss and other comprehensive income: Revenue FC60 000,
Cost of goods sold FC25 000,
Interest expense FC8 000,
Income tax expense FC10 000.
All items arose evenly across the year. The following exchange rates applied:
$\begin{array}{lll}\text { End of reporting period } & F C 1= & \$ 0.80 \\\text { Average rate for year } & F C 1= & \$ 0.75\end{array}$
The net profit after tax translated into the presentation currency is:

A) $12 750;
B) $13 600;
C) $21 250;
D) $26 667.