Req A

Req B and C

Remeasure the Mexican operation's account balances into Canadian dollars. $($Note: Back into the beginning net monetary asset or liability position.$)$

Note: Input all amounts as positive values.

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$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multirow$\{2\}\{*\}\{\}$ & $\backslash$multicolumn$\{2\}\{|$c$|\}\{$Canadian Dollars$\}\backslash \backslash$

$\backslash$hline & Debit & Credit $\backslash \backslash$

$\backslash$hline Accounts payable & & $14,896\backslash \backslash$

$\backslash$hline Accumulated depreciation & & $4,086\backslash \backslash$

$\backslash$hline Buildings and equipment & $8,460$ & $\backslash \backslash$

$\backslash$hline Cash & $17,500$ & $\backslash \backslash$

$\backslash$hline Depreciation expense & $486$ & $\backslash \backslash$

$\backslash$hline Inventory $($beginning$-$income statement$)$ & $6,900$ & $\backslash \backslash$

$\backslash$hline Inventory $($ending$-$income statement$)$ & & $8,505\backslash \backslash$

$\backslash$hline Inventory $($ending$-$balance sheet$)$ & $8,505$ & $\backslash \backslash$

$\backslash$hline Purchases & $17,280$ & $\backslash \backslash$

$\backslash$hline Receivables & $7,840$ & $\backslash \backslash$

$\backslash$hline Salary expense & $2,619$ & $\backslash \backslash$

$\backslash$hline Sales & & $35,370\backslash \backslash$

$\backslash$hline Main office & & $6,760\backslash \backslash$

$\backslash$hline Remeasurement loss & $27$ & $\backslash \backslash$

$\backslash$hline Total & $69,617$ & $69,617\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ b$.$ Prepare financial statements $($income statement, statement of retained earnings, and balance sheet$)$ for the Canadian subsidiary in its functional currency, Canadian dollars.

c$.$ Translate the Canadian dollar functional currency financial statements into U$.$S$.$ dollars so that Sendelbach can prepare consolidated financial statements.

Note: Round U$.$S$.$ Dollar values to $2$ decimal places. Amounts to be deducted and losses should be indicated with a minus sign.

Show less $\backslash (\backslash$wedge $\backslash )$Canadian Dollar