Instructions for Remeasurement Gain or Loss table: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss. 4. Do not use a negative sign with your remeasurement gain or remeasurement loss answer. 5. Enter answers using all zeros (do not abbreviate answers to millions or thousands). b. Now assume the subsidiary's functional currency is the peso. Prepare the subsidiary's December 31, 2022, preclosing trial balance, in U.S. dol - Use negative signs with your Cr (credit balance) answers, in the P Dr(Cr) and \$ Dr(Cr) columns only. - Enter answers using all zeros (do not abbreviate answers to millions or thousands). \$0.05/peso. During 2022, the following cash transactions occurred at the Mexico City subsidiary. All amounts are in Mexican pesos (P5). \$0.07/Ps. All depreciation and amortization is straight-line. Required a. Prepare the preclosing trial balance for the Mexico City subsidiary as of December 31, 2022, in U.S. dollars, the subsidiary's functional currency. - Use negative signs with your Cr (credit balance) answers, in the P Dr(Cr) and $Dr(Cr) columns only. - Enter answers using all zeros (do not abbreviate answers to millions or thousands). Instructions for Translation Gain or Loss table: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a translation gain or translation loss. 4. Do not use a negative sign with your translation gain or translation loss answer. 5. Enter answers using all zeros (do not abbreviate to millions or thousands). - Do not use negative signs with any of your answers below. - Enter answers using all zeros (do not abbreviate answers to millions or thousands). Instructions for Remeasurement Gain or Loss table: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss. 4. Do not use a negative sign with your remeasurement gain or remeasurement loss answer. 5. Enter answers using all zeros (do not abbreviate answers to millions or thousands). b. Now assume the subsidiary's functional currency is the peso. Prepare the subsidiary's December 31, 2022, preclosing trial balance, in U.S. dol - Use negative signs with your Cr (credit balance) answers, in the P Dr(Cr) and \$ Dr(Cr) columns only. - Enter answers using all zeros (do not abbreviate answers to millions or thousands). \$0.05/peso. During 2022, the following cash transactions occurred at the Mexico City subsidiary. All amounts are in Mexican pesos (P5). \$0.07/Ps. All depreciation and amortization is straight-line. Required a. Prepare the preclosing trial balance for the Mexico City subsidiary as of December 31, 2022, in U.S. dollars, the subsidiary's functional currency. - Use negative signs with your Cr (credit balance) answers, in the P Dr(Cr) and $Dr(Cr) columns only. - Enter answers using all zeros (do not abbreviate answers to millions or thousands). Instructions for Translation Gain or Loss table: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a translation gain or translation loss. 4. Do not use a negative sign with your translation gain or translation loss answer. 5. Enter answers using all zeros (do not abbreviate to millions or thousands). - Do not use negative signs with any of your answers below. - Enter answers using all zeros (do not abbreviate answers to millions or thousands)