Please, use the accounts from the selection only. also, this is all the information there is. There is no more problem info that I could provide. Thank you!

\begin{tabular}{|c|c|c|c|c|} \hline & & Remeasure & In & \\ \hline & (in AUD) & Rate & US Dollars & \\ \hline Beginning inventory & $1,117,500 & 0x & 02 & x \\ \hline Purchases & 2,923,500 & 0x & 0 & x \\ \hline Ending inventory & (1,341,000) & 0 & 0x & x \\ \hline Cost of goods sold & $2,700,000 & & 0: & x \\ \hline Land & $980,400 & 0 & 0 & x \\ \hline Building & 1,800,000 & 0 & 0 & x \\ \hline Accum.deprec.-building & (900,000) & 0x & 0 & x \\ \hline Equipment & 1,200,000 & 0 & 0x & x \\ \hline Accum.deprec.-equipment & (600,000) & 0x & 0x & x \\ \hline Property, plant, and equipment (PPE), net & $2,480,400 & & 0x & x \\ \hline Depreciation expense-building & $90,000 & 0 & 0 & x \\ \hline Depreciation expense-equipment & 120,000 & 0 & & x \\ \hline Depreciation expense & $210,000 & & 0x & x \\ \hline \multicolumn{5}{|l|}{ Income statement: } \\ \hline Sales & $4,500,000 & 0 & 0x & x \\ \hline Cost of goods sold & (2,700,000) & 8 & 0x & x \\ \hline Gross profit & 1,800,000 & & 0 & x \\ \hline Operating expenses & (960,000) & 0 & 0 & x \\ \hline Depreciation & (210,000) & & 0 & \\ \hline Remeasurement gain & & & 0 & \\ \hline Net income & $630,000 & & 0 & x \\ \hline \multicolumn{5}{|l|}{ Statement of retained earnings: } \\ \hline & & - & & \\ \hline \end{tabular} assets credit balan b. Compute the remeasurement gain or loss directly assuming BOY net monetary assets credit balance of AUD 770,400, a net monetary liability. Round all answers to the nearest dollar. Remeasurement of financial statements Assume that your company owns a subsidiary operating in Australia. The subsidiary has adopted the Australian Dollar (AUD) as its functional currency. Your parent company operates this subsidiary like a division or a branch office, making all of its operating decisions, including pricing of its products. You conclude, therefore, that the functional currency of this subsidiary is the sUS and that its financial statements must be remeasured prior to consolidation. The subsidiary's financial statements (in AUD) for the most recent year follow in part a. below: The relevant exchange rates for the \$US value of the Australian Dollar (AUD) are as follows: For parts a, and b, below, use a negative sign with answers to indicate a reduction. a. Remeasure the subsidiary's income statement, statement of retained earnings, and balance sheet into sUS for the current year (assume that the BOY Retained Earnings is $1,560,306 ). Round all answers in "In US Dollars" column to the nearest dollar