Question 18 Original Accoun Current Method 2-Jan-16 Temporal Method 2-Jan-16 Assets cash account receivable inventory Net plant Total in Euros 1,600,000 3,200,000 2,400,000 4,800,000 12,000,000 Exchang Us Exchang Us 1.1 $1,760,000 1.1 1.1 $3,520,000 1.1 1.1 A 1.218 1.1 B 1.276 C 1,760,000 3,520,000 2,923,200 6,124,800 E Liabilities and Net Worth account payable short term debt long term debt common stock retained earning translation gain/loss Total 1.1 800,000 1.1 $880,000 1.1 1,600,000 1.1 $1,760,000 1.1 1,600,000 1.1 $1,760,000 1,800,000 1.276 $2,296,800 1.276 6,200,000 1.2437 $7,710,940 1.2437 D 12,000,000 880,000 1,760,000 1,760,000 2,296,800 F G E The functional currency of Ganado's European subsidiary is the euro, and the reporting currency of its parent, Ganado Corporation, is the U.S. dollar. The spot rate is the market is changed from $1.20 to $1.10/ on January 2nd, 2016 Plant and equipment and long-term debt and common stock issued some time in the past when the exchange rate was $1.2760/ Inventory currently on hand was purchased or manufactured during the immediately prior quarter when the average exchange rate was $1.2180/ Please fill in the blanks of A D- . F G