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

$\backslash$table$[[,$Debit,Credit$],[$Cash$,$SFr $7,0$eba,$],[$Accounts Rcccivable $($net$),20,0$ea$,],[$Receivable fron Popular Creck,$5,000,],[$Inventory$,25,000,],[$Plant and Equipnent,$108,0$e$0,],[$Accunulated Depreciation,,SFr $10,0$ea$],[$Accounts Payable,,$12,000],[$Bands Payable,,$5$e$,$ eea$],[$Common Stock,,$68,0$ea$],[$Sales$,,150,000],[$Cost of Goods Sold,$70,$ eea,$],[$Depreciation Expense,$10,$ eea,$],[$Operating Expense,$38,$ eea,$],[$Dividends Paid,$15,0$ea$,],[$Total$,$SFr $282,0$e$0,$SFr $282,0$ed$]]$

Additional Information

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

Purchoses of inventory goods ore mode evenly during the year. Items in the ending inventory were purchosed November $1.$

Equipment is depreciated by the straight$-$line method with a $10-$year life ond no residual value. A full year's depreciation is taken in the year of acquisition. The equipment was scquired on March $1.$

The dividends were declored and paid on November $1.$

Exchange rates were as follows:

$\begin{array}{cc}\text{J}\text{a}\text{n}\text{u}\text{a}\text{r}\text{y}1& SFr1-\text{\$}0\mathrm{.}73\\ \text{M}\text{a}\text{r}\text{c}\text{h}1& SFr1-\text{\$}0\mathrm{.}74\\ \text{N}\text{o}\text{v}\text{e}\text{n}\text{b}\text{e}\text{r}1& SFr1-\text{\$}0\mathrm{.}77\\ \text{D}\text{e}\text{c}\text{e}\text{m}\text{b}\text{e}\text{r}31& SFr1-\text{\$}0\mathrm{.}80\\ 281\text{a}\text{v}\text{e}\text{r}\text{a}\text{g}\text{c}& SFr1-\text{\$}0\mathrm{.}75\end{array}$

The Swiss franc is the functional currency.

Required:

Prepare s schedule tronslating the December $31,20$X$1,$ trial bolance from Swiss francs to dollars.

Note: If no adjustment is needed, select $\text{'}$No entry necessary'.