Refer to Exercise $13-4.$ Using the same information, assume that the Brazilian real is identified as the functional currency of the subsidiary.

Required:

Remeasure the account balances that are expressed in Swiss francs into Brazilian reals, Direct exchange rates for the real are:

Real per Franc

Beginning of current year $1\mathrm{.}3940$

End of current year $1\mathrm{.}2899$

Average for current year $1\mathrm{.}3445$

Dividend payment date $1\mathrm{.}2438$

Translate the remeasured accounts that are now stated in Reals into dollars using the current rate method. Direct exchange rates for the real are:

Dollars per Real

Beginning of current year $$\mathrm{.}4891$

End of current year $\mathrm{.}4630$

Average for current year $\mathrm{.}4751$

Dividend payment date $\mathrm{.}4740$