Sendelbach Corporation is a US$.$ based organization with operatons thoughout the world. Oee of its subsidianes is headquartered in Toronto, Canada. Athough this wholy$-$owned subsidiary operates primarly in Canada, Engages in some transactions through a dollars ICSI. As of December $31,2024,$ the subsidiary is preparng finaticial statements in anticipation of consolidation with the US parent corporation. Both ledgers flor the subsidury are as follows:

$\backslash$table$[[-17-404$thr$],[$Accounts payalile,,C$543,$ min$],[$Accumuluted duproulation,,$45,$ thet$],[$fallesser and equipernt,CF $185,000,],[$Cash$,44,400,],[$Crimen stisck,,$64,600],[$Cost of goods suld,$123,000,],[$Depretietisn expense,$1,700,],[$Plulflents$,$ APL$/24,13,$ thee,$],[$Gals as wie of equlpant, $6/3/24,,4,5005],[$Inswitary$,97,600,],[$Woter parable$-$dier in $3927,,58,$ eas$],[$Usucelystlay$,36,400,],[$Betainad marsing $1/2/24,,155\mathrm{.}5$N$],[3$aiery expunse,$45,000,],[$laies$,,],[$unifity repener,$50,$ seve,$],[$Jrameh eperation,$3,405,],[$Testats$,$C$534,305,$C$3738,145]]$

$\backslash$table$[[$tyash sytrat len$-$flester$],[,$Debit,Credite$],[$Eccosste puybile,,Ps $79,300],[$Acounalated depresiation,,$43,300],[$Eallising and equipasint,Pr sim, mele,$],[$cath$,44,4000,],[$Expreciution #uptrise,$3,5150,],[,41,000,],[$Inventary $($eneing$-4$scose utatomewt$),,21,$ Mas$],[1$mownery $($ending$-$balsace sheer$),37,4000,]]$

$\backslash$table$[[$Purchases$,35,4000,],[$Macelvables$,37\mathrm{.}4$eve,$],[$Salary expense,$38,4599,],[$Sales$,,142,4000],[$Main office,,$40\mathrm{.}4000],[$Tstals$,$F$1332,600,$Py $332,649]]$

Additional Information

The Canaduan subsidiary's functional currency is the Canadian dollat and Sendelibach's reporting currency is the US dollar. The Canadian and Mexican operations are not viewed as separate accounting entiles.

The building and equipment used in the Mexican operation were acquired in $2044$ when the currency exchange rate wat C$50$rs a Ps$1$

Purcharies of inventory were made evenly throughout the flscal year

Beginning irrentory was acquired evenly throughout $2002,$ ending inventory was acquired evenly throughout $2024$

The Main Office account on the Mexican fecords thould be considered an equly account. This balance was remeasured into C $$7,815$ on December $31,2024.$

Currency exchange rates for $1$ Ps applicable to the Mexican operaton flollow

$\backslash$table$[[$Weighted everage rate for $2993,(5)0\mathrm{.}23],[$Junwary $1,2604,0\mathrm{.}25],[$Weighted mensuge rate fer $2024,9\mathrm{.}23],[$Pettster $31,2644,0\mathrm{.}23]]$

The December $34,2023,$ contelidated balance sheet reported a cumulative tramlation adjustment with a $$54,950$ credit $($posove$)$ balance.

The subsidiary's corrmon stock was hiued in $2001$ when the exchange rate was $$047-$ CS$1$

The subsidarys December $31,2023,$ retained eamings balance was C$5753\mathrm{.}590,$ an amount that has been translated into US$568,200.$

The applicable currency exchange rates for $1$ CS for translation purposes are as follows:

$\backslash$table$[[$Jewary $1,2604,040\mathrm{.}20],[$Agerll $1,2644,$E$.$ W$],[3$ans $1,2924,0\mathrm{.}00],[$Welghted swerage rett fler $2004,0\mathrm{.}67]]$

Sectaler $31,2604$

$4.41$

Requlred:

a$.$ Remeasure the Mexican operation's accoon't balances into Canadan dollars. $($Note Back into the beginning net monetary asset or liability polation$]$

b$.$ Prepare financial statements fincome stanement, staboment of netained earningn, and bolance sheeff for the Consusus to butury in Its functional currency, Canadign dollars

C$.$ Translate the Canadiun dollar functional curnency financial statements into US doilars so that Seriebthach can prepare consoldaned financial statements.

Complete this question by entering yeur annwers in the tabs below.

Fieq II and C asset or libility pootion.$)$

mille: Input all amounts as peoilive valoes.

$\backslash$table$[[,$Canadun Sullurs$],[$Owblt$,$Condr$],[$Acrounts payatif,,$],[$Acoumdatied depreciation,,$],[$Buldings and equipment,,$],[$Cash$,,],[$Degreduelion supense,,$],[$Inveritory fleginning$--$ income statumest$),,],[,,]]$

Remeasure the Medcan operation's account balances into Canadlan dollars. $($Noter Rack intes the Beginning net monetary asset or lability position.$)$

Note: Input all amounts as positive walues.

$\backslash$table$[[,$Cansfian Dollars$],[$Dest$,$Credit$],[$Accourts payatile,,$],[$Acoumdated depreciation,,$],[$Buldings and equipment,,$],[$Cash$,,],[$Depreciafion supense,,$],[$Inventary $($begirning$-$ incorse statement$),,],[$Insetory $($ending$-$income statument$),,],[$Wrentery $($ending$-$tulasce sheel$),,],[$Purchases$,,],[$Receivables$,,],[$Sadury sapense,,$],[$Salus$,,],[$Main office,,$],[,,],[$Tonal$,,]]$

Req A

Req B and C

b$.$ Prepare financial statements $($income statement, statement of retained earnings, and balance sheet$)$ for the Canadian subvidiary in its functional currency, Canadlan dollars.

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

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

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$\backslash$table$[[$SUMDELBACH CORPORNION$],[$Financial Statements$],[$For the Year EnStol December $31\mathrm{.}2024],[,$Canadi