Here is the homework example we used in CH 10 for current rate method. I have made a change on the exchange rate on 1/1/2010 (from 0.50 to 0.52). Everything else remains the same. Please make necessary updates on the worksheet (10 points) + 1/1/2010: Subsidiary was formed; Ex. Rate was 0.50- 0.52. 1/1/2015: Exchange rate was 0.60 4/1/2015: Property was purchased; Ex. Rate was 0.62 4/15/2015: All the long-term debt were incurred; Ex.. Rate was 0.63. 10/1/2015: Dividends were declared; Ex. Rate was 0.67 12/31/2015: Exchange rate was 0.68 Avg. Rate for 2015: 0.64 Assumptions 1. Sales and inventory purchases ocurred evenly throughout the year 2. Common Stock and APIC have never changed since the recognition on 1/1/2010 3. Patent is fully amortized, hence no "patent\" in balance sheet. Patent was acquired 1/1/2012, when Ex. Rate was 0.58 CHF Exchange Rate 3000000 064 A 12.000,000) 064 A 1000000 na (35,000) _0.64 A (25,000 064 A (110.000) 064 A 830,000 na (249.000) 064 A 0 na 81.000 na 100,000 064 (given) $81,000 n/a__ (above) (150.000) 067 H OCl-Cumulative Trans. Adj. Total Liabilities and Equity What is in Blank (1) after the update? (1.280.000) 640,000 (22,400) (16,000) (70.400) 531,200 (159.360) 0 371,840 What is in Blank (1) after the update? Multiple Choice O 0.50 O 0.52 O 0.60 O 0.68 0.64ah Here is the homework example we used in CH 10 for current rate method. I have made a change on the exchange rate on 1/1/2010 (from 0.50 to 0.52). Everything else remains the same. Please make necessary updates on the worksheet (10 points) - 1/1/2010: Subsidiary was formed; Ex. Rate was 0.50- 0.52. 1/1/2015: Exchange rate was 0.60 4/1/2015: Property was purchased: Ex. Rate was 0.62 4/15/2015: All the long-term debt were incurred; Ex.. Rate was 0.63. 10/1/2015: Dividends were declared; Ex. Rate was 0.67 12/31/2015: Exchange rate was 0.68 Avg. Rate for 2015: 0.64 Assumptions 1. Sales and inventory purchases ocurred evenly throughout the year 2. Common Stock and APIC have never changed since the recognition on 1/1/2010 when Ex. Rate was 0.58 CHF Exchange Rate 31,000,000 064 A (2.000000) 064 A 1,000,000 wa (35,000) _0.64_ A (22400) (25.000) 064 A (16,000) (110000) 064 A (70.400) 830,000 na 531,200 (249,000) 064 A (159.360) 0 nla 0 581,000 nla 371,840 100000 064 (given) 581,000 nia _ (above) (150,000) 067 H What is in Blank (3) after the update? \f