Statement Of Income and Retained Earnings For the Endi g I. Y ear 2 COGS Depr Expense Equipment Dept. Expense - Building E xpense Other Expenses Taxes) Income Before Remeasurement Gain Remeasurement Gain. Year 2 Net Income Plus: Retained Earnings, 1/1/V2 Less: Dividends. Year 2 Retained Earnings. 12/31/Y2 Beginning Inventory purchases Ending Inventory Old Equipment @ 1/1/YI New Equipment - acq. 5/2/Y2 Total Equip. Accumulated Depr. - Old Equipment Accumulated Depr. New Equipment Total Accumulated Depre Depr. Expense - Old Equipment Depr. Expense - New Equipment Total Depr. Expense 12, sooooo (6,000.000) (9m, 000) (600, oco) 250,000 (750,000) Equipment (250,000) (250,000) Exchange Rate COGS Equp, Build. 060s R. Gain Given 0.555 Exchanne Rate 0.605 Exchange Rate 0.68 0.61 0.68 0.68 061 (832,500) ,7S01 (363,000) 3D2,soc 1,540, soo 1,160,000 (416,250) 4,386,250 Pegg at 6,800,000 (152,500) (680,000) (152,500) (832 500