please take your time, use similar format for more clear. thank you!

Remeasured and Translated Trial Balance On January 2, 2019, Maddox Corporation, headquartered in the U.S., established a wholly-owned subsidiary in Mexico City. An initial investment of P10,000,000 was made on that date; the exchange rate was $0.05/peso. During 2019, the following cash transactions occurred at the Mexico City subsidiary. All amounts are in pesos (P). Facilities costs (January 2, 5-year life) P1,000,000 Purchase of office equipment (April 1; 10-year life) 300,000 Sales 12,000,000 Merchandise purchases 9,000,000 Operating expenses 3,000,000 The exchange rate was $0.06/P in April when the office equipment and P3,000,000 of merchandise were purchased. Sales, other merchandise purchases, and operating expenses were assumed to have been made or incurred at an average exchange rate of $0.07/P. At year-end, the exchange rate was $0.08/P and the ending inventory (FIFO) amounted to P2,000,000, purchased when the exchange rate was $0.07/P. All depreciation and amortization is straight-line. Required a. Prepare the preclosing trial balance for the Mexico City subsidiary as of December 31, 2019, in U.S. dollars, the subsidiary's functional currency. Use negative signs with your Cr (credit balance) answers, in the P Dr(Cr) and $ Dr(Cr) columns only. Enter answers using all zeros (do not abbreviate answers to millions or thousands). P Dr (Cr) $/P Dr (Cr) $ December 31, 2019 Remeasured Trial Balance Cash Inventory (FIFO) Facilities, net Equipment, net Capital Sales Cost of sales (FIFO) 1,000,000 0.05 50,000 0.07 12,000,000 2,000,000 see (1) below 180,000 140,000 0.07 Operating expenses Depreciation expense- facilities Depreciation expense - equipment Remeasurement (gain) or loss 3,000,000 200,000 30,000 0.05 420,000 10,000 1,800 0.06 see (2) below 1,018,000 $ 1,018,000 Do not use negative signs with any of your answers below. Enter answers using all zeros (do not abbreviate answers to millions or thousands). P $/P $ $ (1) Cost of sales Purchases made in April Purchases made at year-end Less ending inventory Cost of sales $ Instructions for Remeasurement Gain or Loss table: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss. 4. Do not use a negative sign with your remeasurement gain or remeasurement loss answer. 5. Enter answers using all zeros (do not abbreviate answers to millions or thousands). P $/P $ $ (2) Remeasurement Gain or Loss Exposed position, beginning Sales Facilities costs Equipment purchase Merchandise purchase Merchandise purchase Cash operating expenses Exposed position, ending $ b. Now assume the subsidiary's functional currency is the peso. Prepare the subsidiary's December 31, 2019, preclosing trial balance, in U.S. dollars. Use negative signs with your Cr (credit balance) answers, in the P Dr(Cr) and $ Dr(Cr) columns only. Enter answers using all zeros (do not abbreviate answers to millions or thousands). Dr (Cr) $/P Dr (Cr) $ December 31, 2019 Translated Trial Balance Cash Inventory Facilities, net Equipment, net Capital Sales Cost of goods sold Operating expenses Depreciation expense- facilities Depreciation expense - equipment Translation (gain) or loss see (3) below $ Instructions for Translation Gain or Loss table: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. C 3. Using the drop-down menu, select the appropriate answer to indicate a translation gain or translation loss. 4. Do not use a negative sign with your translation gain or translation loss answer. 5. Enter answers using all zeros (do not abbreviate to millions or thousands). P $/P $ (3) Translation Gain or Loss Exposed position, beginning Net income $ $ Exposed position, ending $