Chapter 13. 2. Accounts are listed below for a foreign subsidiary that maintains its books in its local currency. The equity interest in the subsidiary was acquired in a purchase transaction. In the space provided, indicate the exchange rate that would be used to translate the accounts into dollars assuming the functional currency was identified (a) as the U.S. dollar and (b) as the foreign entity's local currency. Use the following letters to identify the exchange rate: H-Historical exchange rate C- Current exchange rate A- Average exchange rate for the current period Exchange rate if the functional currency is: US Dollar Local currency Account 1. Bonds Payable (issued 01/01/11) -2. Office Supplies -3. Dividends Declared 4. Common Stock - 5. Additional Paid-In Capital 6. Inventory Carried at Cost - 7. Short-term Notes Payable - 8. Accumulated Depreciation 9. Cash 10. Marketable Securities (carried at market) 11. Cost of Goods Sold 12. Sales 13. Accounts Receivable 14. Depreciation Expense -15. Income Tax Expense PEPES PDOPPE SEN