a$.$ Present both the direct and the indirect exchange rates for the rupees for the three dates of $(1)$ January $1,20$X$6$; $(2)$ December $31,20$X$6$; and $(3)$ December $31,20$X$7.$

b$.$ Prepare the subsidiary$$s translated balance sheet as of December $31,20$X$6,$ assuming the rupee is the subsidiary$$s functional currency. Focus on how to obtain the correct amount for RE Retained earnings?

c$.$ Prepare the subsidiary$$s translated balance sheet as of December $31,20$X$7,$ assuming the rupee is the subsidiary$$s functional currency.

d$.$ Compute the amount that $20$X$7$s other comprehensive income would include as a result of the translation Complete this question by entering your answers in the tabs below.

Required A

Required B

Required C

Required D

Prepare the subsidiary's translated balance sheet as of December $31,20$X$7,$ assuming the rupee is the subsidiary's functional currency.

Note: Round your "exchange rates" to $5$ decimal places in intermediate calculations. Round your final answers to nearest whole dollar. If no adjustment is needed, select $\text{'}$No Entry Necessary'.

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$\backslash$begin$\{$tabular$\}\{|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$c$|\}\{$Translated December $31,20$X$7,$ balance sheet:$\}\backslash \backslash$

$\backslash$hline & Translated Trial Balance $($in $\backslash$$$)\backslash \backslash$

$\backslash$hline Cash & $\backslash$$ $2,275\backslash \backslash$

$\backslash$hline Receivables & $14,175\backslash \backslash$

$\backslash$hline Inventory & $18,050\backslash \backslash$

$\backslash$hline Fixed assets & $22,650\backslash \backslash$

$\backslash$hline Total & $\backslash$$ $57,150\backslash \backslash$

$\backslash$hline Accumulated other comprehensive income $-$ Translation adjustment & $\backslash \backslash$

$\backslash$hline Total debits & $\backslash$$ $57,150\backslash \backslash$

$\backslash$hline Current payables & $\backslash$$ $8,900\backslash \backslash$

$\backslash$hline Long$-$term debt & $27,350\backslash \backslash$

$\backslash$hline Common stock & $17,165\backslash \backslash$

$\backslash$hline Retained earnings & $\backslash \backslash$

$\backslash$hline Total & $53,415\backslash \backslash$

$\backslash$hline No entry necessary & $0\backslash \backslash$

$\backslash$hline Total credits & $\backslash$$ $53,415\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ a$.$ Present both the direct and the indirect exchange rates for the rupees for the three dates of $(1)$ January $1,20$X$6$; $(2)$ December $31,20$X$6$; and $(3)$ December $31,20$X$7.$

b$.$ Prepare the subsidiary's translated balance sheet as of December $31,20$X$6,$ assuming the rupee is the subsidiary's functional currency.

c$.$ Prepare the subsidiary's translated balance sheet as of December $\backslash (31,20\backslash$times $7\backslash ),$ assuming the rupee is the subsidiary's functional currency.

d$.$ Compute the amount that $20$X$7\text{'}$s other comprehensive income would include as a result of the translation.

Complete this question by entering your answers in the tabs below.

Compute the amount that $20$X$7\text{'}$s other comprehensive income would include as a result of the translation.