ek $8$ Assignment $-$ Foreign Affillates $i$

$1$

Compre, Incorporated $($a U$.$S$.-$based company$),$ establishes a subsidary 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.

$\backslash$table$[[$sades$,$K$.220,000],[$Invertiony $($bought on $3/3/24),152,000],[$Equipuent $($boyett on $1/1/23),04,400],[$Hent evense,$34,400],[$Disidents $($declered on $3$e$/2/34),34,400],[$Wester recessuble $($to be collected in $3027),38,000],[$Accumlet ed deprecial ion$-$equapment,$12,300],[$Selary payable,$5,400],[$Deprecietion eyenst,$6,400]]$

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

$\backslash$table$[[$January $1,3073,40\mathrm{.}21],[$Amerage for $2023,$e$.26],[$Januery $1,3034,$e$.27],[$Ferch $1,2824,$e$.29],[$October $1,2024,$e$.30],[$Decenter $32,2924,$e$.22],[$Average for $2024,0\mathrm{.}25]]$

Compre is preparing account balances to produce consolidated financlal statements. $"$

Required:

$4.$ Assuming that the kuna is the functional currency, what exchang ye would be usedto 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?

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

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 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?

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

$\backslash$table$[[$Aooount$,$Exchange fle$],[$a$.$ Sales,$30\mathrm{.}20],[$a$.$ Inventory,$30\mathrm{.}22],[2.$ Equipment,$30\mathrm{.}22],[$a$.$ Rent expense,$1+0\mathrm{.}20],[$a$.$ Dividends,$ $0\mathrm{.}30],[$a$.$ Notes receivable,$ $0\mathrm{.}22],[$a$.$ Accumulated depreciation$-$equipment,$ $0\mathrm{.}22],[$a$.$ Salary payable,$ $0\mathrm{.}22],[$a$.$ Depreciation expense,$ $0\mathrm{.}28],[$b$.$ Sales,$],[$b$.$ Inventory,$],[$B$.$ Equipment,$],[$b$.$ Rent expense,$],[$b$.$ Dividends,$],[$b$.$ Notes receivable,$],[$b$.$ Acoumulated depreciation$--$equipment,$],[$b$.$ Salary payable,$],[$b$.$ Depreciation expense,$]]$