Could really use some quick help on this. Thank you SO much in advance!

Problem 10-30 (LO 10-3, 10-4) Lancer, Inc. (a U.S.-based company), establishes a subsidiary in a foreign country on January 1, 2016. The following account balances for the year ending December 31, 2017, are stated in kanquo (KQ), the local currency: KQ Sales Inventory (bought on 3/1/17) Equipment (bought on 1/1/16) Rent expense Dividends (declared on 10/1/17) Notes receivable (to be collected in 2020) Accumulated depreciation-equipment Salary payable Depreciation expense 300,000 165,000 80,000 20,000 28,000 46,000 24,000 7,000 8,000 The following U.S.$ per KQ exchange rates are applicable: January 1, 2016 Average for 2016 January 1, 2017 March 1, 2017 October 1, 2017 December 31, 2017 Average for 2017 $0.29 0.30 0.34 0.35 0.37 0.38 0.36 Lancer is preparing account balances to produce consolidated financial statements. a. Assuming that the kanquo is the functional currency, what exchange rate would be used to report each of these accounts in U.S. dollar consolidated financial 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 financial statements? (Round your answers to 2 decimal places.) Exchange Rate Account Sales Inventory Equipment Rent expense Dividends Notes receivable Accumulated depreciation equipment Salary payable Depreciation expense Sales Inventory Equipment Rent expense Dividends Notes receivable Accumulated depreciation-equipment Salary payable Depreciation expense