Question 23 5 points Save Answer Schaffhasen Tech is a Swiss based subsidary of Denver Electronics, a US firm with USD as its reporting currency. The balance sheet, as of yesterday, for Schaffhasen Tech is shown below. All values are in Swiss francs (CHF). Yesterday the spot rate was 1.03CHF/USD. Today the spot rate is 0.93CHF/USD. The historial exchange rate for all non-monetary assets and liabilities is 0.96CHF/USD. What is the amount of translation gain or loss using the current method of translation? Show all work. Swiss Francs Statement Assets Cash Accounts Receivable Inventory Net Plant & Equipment Total 1,600 3,200 2,400 4,800 12,000 Liabilities & Net Worth Accounts Payable Short-Term Bank Debt Long-Term Debt Common Stock Retained Earnings Total 800 1,600 1,600 1,800 6,200 12,000 Paragraph 4 Arial 3 (12pt) Q . fx Mashups LE HER HTML CSS MacBook Pro