Inter-Galactic Domination of Cougars After annual battles between the Utes and Cougars and the eventual complete domination of the Cougars, the Utes decided it was time for a bigger challenge. The Utes decided to go for inter-galactic domination (over such alien life forms like the Trojans, Bruins, Ducks, etc...) and so the Utes decided to purchase another company (via a Foreign Direct Investment) on a distant planet (Planet Swoop) and begin operations on that planet (while still continuing to dominate their home turf of Planet Uinta and the Cougars). The name of the new business is UDC (Utes Dominate Cougars). On Planet Uinta (headquarters of the Utes) the form of currency that the Utes use as their reporting currency for their consolidated reporting financial statements is the U.S. Dollar ($); the Utes new operations on Planet Swoop uses Swoop Feathers (f) for reporting currency on their financial statements. Because of differing reporting currencies between their two operations the Utes have to translate their foreign operating financial statements into the currency of U.S. Dollars so that they can submit their annual consolidated financial statements to the Securities and Exchange Commission. On January I, Year I Utes acquired a 100% interest in UDC. You issued equity (common stock and APIC) on January I, Year 1. The Utes are enjoying their new investment and it is time, once again, to consolidate and translate the financial statements from their Planet Swoop operations, UDC. The financial statements of UDC as of December 31, Year 3 are as follows: Cost Of Depreciatbn expensebuidW'.g Research and devekprnent expense Other expenses (hcludhg taxes) Net Plus : Retained earrt.gs. 111 M3 Less: Div klends paki Retahed earnh-gs. 12/31 M3 Cash (net) Inventory Less : Less : Total assets Note Pay & stock pad-Fl 33.000,000 -21 -2.291.714 -1.598.350 -1.350.000 -1450.000 4.529.936 6.526.482 -1.000.000 10,056 418 9.723.375 3,500.000 16,042.000 -5.148.857 31.967.000 -4,048.350 4,500.000 67.491.41 B 5,435.000 21 ,soo.ooo 500.000 30.000.000