Requirements:

$1.$ Complete the chart above by translating the statements using the Current Rate Method $($assume a $1/1$ RE credit balance of $$2,340$k$)$ and re$-$measuring the statements using the Temporal Method $($assume a $1/1$ RE credit balance of $$2,700$k$).$ ROUND ALL NUMBERS TO THE NEAREST WHOLE NUMBER.

$2.$ Specify the amount of the adjustment needed to make the financial statements balance and indicate whether it is a gain or loss under Current Rate and Temporal methods.

$3.$ Prepare a comparison of profitability and long$-$term solvency of the subsidiary in the foreign currency, after translation and after re$-$measurement. REPORT ALL PERCENTAGES WITH ONE DECIMAL POINT $($i$.$e$.14\mathrm{.}2\%$ or $12\mathrm{.}3)$

$4.$ Ultimately, does the method used to adjust the foreign currency financial statements into US dollars impact the actual performance of the subsidiary? Explain