Compte, Incorporated $($a U$.$S$.-$based company$),$ establishes a subsidiary in Croatia on January $1,2023.$ The following account balances for the year ending December $31,2024,$ are stated in kuna $($K$),$ the local currency:

SalesK $350,000$

Inventory $($bought on $3/1/24)192,500$

Equipment $($bought on $1/1/23)90,000$

Rent expense$22,000$

Dividends $($declared on $10/1/24)30,000$

Notes receivable $($to be collected in $2027)51,000$

Accumulated depreciation$$equipment$27,000$

Salary payable$8,000$

Depreciation expense$9,000$

The following U$.$S$.$ dollar per kuna exchange rates are applicable:

January $1,2023$ $ $0\mathrm{.}34$

Average for $20230\mathrm{.}39$

January $1,20240\mathrm{.}40$

March $1,20240\mathrm{.}42$

October $1,20240\mathrm{.}43$

December $31,20240\mathrm{.}35$

Average for $20240\mathrm{.}41$

Compte is preparing account balances to produce consolidated financial statements.

Required:

Assuming that the kuna is the functional currency, what exchange rate would be used to report each of these accounts in U$.$S$.$ dollar consolidated financial statements?

Assuming that the U$.$S$.$ dollar is the functional currency, what exchange rate would be used to report each of these accounts in U$.$S$.$ dollar consolidated financial statements?