On January $1$st$,2020$

Able Company purchased all of the stock of UK$-$Company.$$Important dates and exchange rates are as follows:$$January $1$st $2020$

The UK pound was worth $$2\mathrm{.}0$

On November $1$st$,2020,$ UK$-$Company purchased land when the UK pound was $$1\mathrm{.}99$

On February $1$st $2021$ UK$-$Company purchased a building when the UK pound was $$1\mathrm{.}89$

On January $1$st $2022$ UK$-$Company purchased equipment when the UK pound was $$1\mathrm{.}93$During $2024$ the average exchange rate between the dollar and the UK pound was$1$ pound $=$ $$1\mathrm{.}10$

On December $31$st $2024$ the UK pound was $$1\mathrm{.}20$

On December $31$st $2023$ the UK Company's retained earnings in dollar is $$222,000$

On October $1$st $2024$ UK Company paid a $20000$ dividend when the UK pound was worth $$1\mathrm{.}15$

UK$-$Company financial statements $2024$ Following GAAP but in UK pounds

Sales $1,000,000$

operating expenses $200,000$

depreciation equipment $20000$

depreciation building $30000$

loss on sale of land $24000$

net income $726,000$

Assetsliabilitiesequitycash$40000$

a$/$p$40000$

common stock$500000$

a$/$r $200000$

note pay $50000$

additional paid in capital $500000$

equipment $500000$

a$/$d equip $50000$

retained earnings $535000$

building $800000$

a$/$d building $90000$

land $225000$

total assets $1625000$

total liability $90000$

total equity $1535000$

REQUIRED:$$PREPARE A BALANCE SHEET, STATEMENT OF RETAINED EARNINGS AND INCOME STATEMENT IN DOLLARS IF THE$$FUNCTIONAL CURRENCY OF UK$-$COMPANY IS THE U$.$S$.$ DOLLAR$$