Question: PLEASE HELP ! ! ! ! ! ! Sullivan's Island Company began operating a subsidiary in a foreign country on January 1 , 2 0

PLEASE HELP !!!!!!
Sullivan's Island Company began operating a subsidiary in a foreign country on January 1,2024, by investing capital in the amount of 78,000 pounds. The subsidiary immediately borrowed 146,000 pounds on a five-year note with 10 percent interest payable annually beginning on January 1,2025. The subsidiary then purchased for 224,000 pounds a building that had a 10-year expected life and no salvage value and is to be depreciated using the straight-line method. Also on January 1,2024, the subsidiary rented the building for three years to a group of local attorneys for 8,600 pounds per month. By year-end, rent payments totaling 86,000 pounds had been received, and 17,200 pounds was in accounts receivable. On October 1,2024,4,200 pounds was paid for a repair made to the building. The subsidiary transferred a cash dividend of 12,100 pounds back to Sullivan's Island Company on December 31,2024. The functional currency for the subsidiary is the pound. Currency exchange rates for 1 pound follow:
January 1,2024
October 1,2024
December 31,2024
Average for 2024
$1.80=1 Pound
1.85=1 Pound
1.88=1 Pound
1.84=1 Pound
Required:
Prepare a statement of cash flows in pounds for Sullivan's Island Company's foreign subsidiary, and then translate this statement into U.S. dollars.
Note: Round your exchange rate answers to 2 decimal places. Amounts to be deducted and cash outflows should be indicated with minus sign.
PLEASE HELP ! ! ! ! ! ! Sullivan's Island Company

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