Lancer, Inc. $($a U$.$S$.-$based company$),$ establishes a subsidiary in Croatia on January $1,2019.$ The following account balances for the year ending December $31,2020,$ are stated in kuna $($K$),$ the local currency:

$\backslash$table$[[,],[$Sales$,310,000],[$Inventory $($bought on $\frac{3}{1}\frac{?}{20}),170,500],[$Equipment $($bought on $\frac{1}{1}\frac{?}{19}),82,000],[$Rent expense,$20,000],[$Dividends $($declared on $\frac{10}{1}\frac{?}{20}),28,000],[$Notes receivable $($to be collected in $2023),47,000],[$Accumulated depreciation$-$equipment,$24,600],[$Salary payable,$7,200],[$Depreciation expense,$8,200]]$

The following U$.$S$.$$ per kuna exchange rates are applicable:

$\backslash$table$[[$January $1,2019,$$$0\mathrm{.}30$