Current Attempt in Progress On January 1, 2024, a U.S. company purchased 100\% of the outstanding stock of Oriole Grains, a company located in Latz City, New Zealand. Oriole Grains was organized on January 1, 2005. All the property, plant, and equipment held on January 1,2024 , was acquired when the company was organized. The business combination was accounted for as a purchase transaction. The 2024 financial statements for Oriole Grains, prepared in its local currency, the New Zealand dollar, are given here. ORIOLE GRAINS Consolidated Income and Retained Earnings Statement for the Year Ended December 31, 2024 Revenues Cost of Goods Sold: The account balances are computed in conformity with U.S. generally accepted accounting standards. Other information is as follows: 1. Direct exchange rates for the New Zealand dollar on various dates were: 2. Oriole Grains purchased additional equipment for 86,000 New Zealand dollars on July 1,2024 , by issuing a note for 78,000 New Zealand dollars and paying the balance in cash. 3. Sales were made and purchases and "Other Expenses" were incurred evenly throughout the year. 4. Depreciation for the period in New Zealand dollars was computed as follows: 5. The inventory is valued on a FIFO basis. The beginning inventory was acquired when the exchange rate was $0.7480. The ending inventory was acquired during the last four months of 2024 . 6. Dividends of 37,000 New Zealand dollars were paid on July 1 and December 31 . Remeasure the financial statements into dollars assuming that the U.S. dollar was identified as the functional currency of the foreign subsidiary. (Round answe or parentheses e.g. (2,945).) Totals Consolidated Statement of Income and Retained Earnings Prepare a schedule to verify the translation gain or loss determined in part a. (Round answers to O decimal places, e.g. 5,125 . Enter loss using either a negative sign preceding the number eg. - 2,945 or parenthes