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How much is the Philippine peso amount

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Question - VVV Company has a branch in Singapore. On December 31, 2020, the Singapore branch reported the following expenses stated in Singaporean dollar.

Bad debts expense 6,000

Amortization of Patent (patent was acquired on Jan. 1, 2019) 4,000

Rent Expense 10,000

The exchange rates for Singaporean Dollar at various dates were as follows: January 1, 2019 - 35.00; January 1, 2020 - 30.00; December 31, 2020 - 36.35; Average rate - 38.20.

Required - How much is the Philippine peso amount to be included in the translated income statement of the Singapore branch for the year ended December 31, 2020?

Reference no: EM133180657

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