Problem $10-30($Algo$)($LO $10-3,10-4)$

Compte, Incorporated $($a U$.$S$.-$based company$),$ establishes a subsidiary in Croatia on January $1,2023.$ The following account balances

for the year ending December $31,2024,$ are stated in kuna $($K$),$ the local currency:

The following U$.$S$.$ dollar per kuna exchange rates are applicable:

Compte is preparing account balances to produce consolidated financial statements.

Required:

a$.$ Assuming that the kuna is the functional currency, what exchange rate would be used to report each of these accounts in U$.$S$.$ dollar

consolidated financial statements?

b$.$ Assuming that the U$.$S$.$ dollar is the functional currency, what exchange rate would be used to report each of these accounts in U$.$S$.$

dollar consolidated financial statements?

Note: For all requirements, round your answers to $2$ decimal places.