Question: Hi i sm practicing this problems can domeone please walk me thru on how to solve them? thank you I am having diffculties to understand

Hi i sm practicing this problems can domeone please walk me thru on how to solve them? thank you I am having diffculties to understand B and C
 Hi i sm practicing this problems can domeone please walk me

Exercise 12-13 (Algo) Effects of a Change in the Exchange Rate-Translation and Other Comprehensive Income LO 125 Bentley Company owns a subsidiary in India whose balance sheets in rupees (R) for the last two years follow: Bentiey formed the subsidiary on January 1, 20x6, when the exchange rate was 30 rupees for 1 U.S. dollar. The exchange rate for 1 U.S dollor on December 31,206, and December 31,207, had increased to 35 rupees and 40 rupees, respectively. Income is earned evenly over the year, and the subsidlary declared no dlvidends during its first two years of existence. Required: a. Present both the direct and the indirect exchange rates for the rupees for the three dates of (1) January 1, 20x6; (2) December 31 , 20X6; and (3) December 31,207 b. Prepare the subsidiary's translated balance sheet as of December 31, 20X6, assuming the rupee is the subsidlary's functional currency. c. Prepare the subsidiary's translated balence sheet as of December 31,207, assuming the rupee is the subsidiary's functional currency. d. Compute the amount that 20X7 s s other comprehensive income would include as a result of the translation. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepore the subsidiary's transiated balance sheet as of December 31,206, assuming the rupee is the subsidiary's functional currency. Note: Roond your "exchange rates" to 5 decimal placis in intermediate calculations, Reund your final answers to nearest, Whole dollat if no adjustment is reeded, seiect No Entry Necessary

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