Compte, Incorporated $($a U$.$S$-$based company$),$ establishes a subsidiary In Croatla on January $1,2023.$ The following account balances

for the year ending December $31,2024,$ are stated in kuna $($K$),$ the local currency:

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

Compte is preparing account balances to produce consolidated financial statements.

Required:

a$.$ 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 financlal statements?

b$.$ 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 financlal statements?

Note: For all requirements, round your answers to $2$ decimal places.