Hi! Please answer and show work as needed :)

On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 60,000. SunTime's December 31, 20X1, trial balance in SFr is as follows:

	Debit	Credit
Cash	SFr 7,000
Accounts Receivable (net)	20,000
Receivable from Popular Creek	5,000
Inventory	25,000
Plant and Equipment	100,000
Accumulated Depreciation		SFr 10,000
Accounts Payable		12,000
Bonds Payable		50,000
Common Stock		60,000
Sales		150,000
Cost of Goods Sold	70,000
Depreciation Expense	10,000
Operating Expense	30,000
Dividends Paid	15,000
Total	SFr 282,000	SFr 282,000

Additional Information

The receivable from Popular Creek is denominated in Swiss francs. Its books show a $4,000 payable to SunTime.

Purchases of inventory goods are made evenly during the year. Items in the ending inventory were purchased November 1.

Equipment is depreciated by the straight-line method with a 10-year life and no residual value. A full years depreciation is taken in the year of acquisition. The equipment was acquired on March 1.

The dividends were declared and paid on November 1.

Exchange rates were as follows:

January 1	SFr 1 = $ 0.80
March 1	SFr 1 = $ 0.77
November 1	SFr 1 = $ 0.74
December 31	SFr 1 = $ 0.73
20X1 average	SFr 1 = $ 0.75

The U.S. dollar is the functional currency.

Required:

a. Prepare a schedule remeasuring the December 31, 20X1, trial balance from Swiss francs to dollars.

Note: If no adjustment is needed, select 'No entry necessary'.

b. Prepare a schedule translating the December 31, 20X1, trial balance from Swiss francs to dollars.

Note: If no adjustment is needed, select 'No entry necessary'.

Answer is not complete. SUNTIME COMPANY Trial Balance Remeasurement Schedule Answer is not complete. SUNTIME COMPANY Trial Balance Translation Schedule