Please note the imagine cannot be enlarged any more as I have tried . Please help perform translations under both current and temporal method.

Current Rate Method Corporation Purchased 90% of the coramom stock of lansing Company enjamury 2002. The cost of the investment was equal to the book value interest acquired. Lansing Com- pany operates two retail stores and an exporting business in London that specializes in buy ing and selling British tweeds. The subsidiary provided the following financial statements in pounds to the parent company Sales Cost of CGoods Sold 2900,000 11.400,000) (300,000) Other Expenses Net Income 1/1 Retained Earnings 1,700,000 Lew: Dividends Declared and Paid, Decemher 31 12/31 Retained Earnings 125,000) LANSING COMPANY Balance Sheet December 31. 2008 Cash and Receivables Merchandlise leventory Property, Plant, and Equipmens 1,275,000 480,000 3,450 000 Total Carrent Liabilities Long Term Notes Payable Capital Sunck Retained Earnings 40,000 1200,000 2.000,000 1,375,000 and equipment was parchased. The long-term notes were issued to partially finance the chase of the fixed assets on January 1, 2000, at which time all the property, plant e-term notes were issued to partially finance the pur Direct exchange rates for the British pound are as folloS January 1, 2000 January 1, 2002 Average for the last quarter 2007 Janeary 1, 2008 December 31, 2008 Average for 2008 Average for Augusi-December 2008 $1.8996 18365 1.5300 1.4919 1.4730 1.4788 14950 The January 1, 2008, retained earnings balance of Lansing in dollars was $1,393,408, and the cumulative translation adjustment was a debit balance of $939,898. The beginning inventory of 420,000 was acquired during the last quarter of 2007 and the ending inventory was ac quired during the last five months of 2008. Sales were made and purchases and other ex- penses were incurred evenly during the year form Transja tions under bwth Crent and Temporal Me hiod