i just want to ask, how to do question 2 and 3 ? thank you

Foreign Currency Financial Statements 499 14-3 p f ation worksheet, parent accounting the outstanding capital stock of Soo of London on January 1, 2011, for $800.000. ge rate for British pounds was $1.60 and Soo's stockholders' equity consisted of d earnings. Soo's functional currency is the British d all al stock and E100,000 retaine 40 .000 cap sheet t accounts for Soo at January 1, 2011, in British pounds and U.S. dollars are as follows: British Pounds Exchange Rate U.S. Dollars Cash $1.60 1.60 1.60 $80,000 96,000 64,000 1,200,000 $1,440,000 $400,000 240,000 640,000 750,000 900,000 Equipment Accumulated depreciation Accounts payable 250,000 150,000 400,000 00,000 900,000 Retained earnings 1.60 Exchange rates for 2011 are as follows Current exchange rate, January 1, 2011 Average exchange rate for 2011 Rate for cash dividends Current exchange rate, December 31, 2011 Soo's adjusted trial balance in British pounds at December 31, 2011, is as follows: Debits Cash Accounts receivable-net Inventories Equipment Cost of sales Depreciation expense Operating expenses Dividends 70,000 350,000 30,000 1,500,000 Credits Accumulated depreciation Accounts payable Capital stock Retained earnings 330,000 400,000 100,000 600,000 1,500,000 REQUIRED 1. Prepare a translation worksheet to convert Soo's December 31, 2011, adjusted trial balance into U.S dollars, 2 Prepare journal entries on Pyl's books to account for the investment in Soo for 2011 &. Directly compute the translation gain or loss