Problem 4. CC Corp. owns a subsidiary in Japan whose balance sheet in Japanese Yen for the last years follow. December 31, December 31, 2012 2013 Assets Cash and Cash # 30.000 * 25,000 equivalents Receivables 122.500 147.500 Inventory 160,000 170,000 Property and Equipment. 255,000 230,000 net Total Assets # 567.500 # 572.500 Liabilities and Equity Accounts Payable 55,000 y 75.000 Long-term debt 322.500 285,000 Common stock 115,000 115,000 Retained earnings 75,000 97.500 Total Liabilities and # 567,500 # 572.500 Equity Relevant exchange rates are: January 1, 2012 # 1 = P45 December 31, 2012 y 1 P 42.50 December 31, 2013 4 1 = P 47.50 September 12, 2012 # 1 = P 40 CC formed the subsidiary on January 1, 2012. Income of the subsidiary was earned evenly throughout the years and the subsidiary declared dividends worth *15,000 on September 12, 2012 and none were declared during 2011. How much is the cumulative translation adjustment for 2013