Question: The January 1 , 2 0 2 4 , retained earnings balance of Orlole In dollars was ( $ 1 , 6 1

The January 1,2024, retained earnings balance of Orlole In dollars was \(\$ 1,619,965\), and the cumulative translatlon adjustment was a debit balance of \(\$ 940,521\). The beginning Inventory of \(\$ 397,000\) was acquired during the last quarter of 2023 and the ending Inventory was acquired during the last five months of 2024. Sales were made and purchases and other expenses were Incurred evenly during the year. Translate the December 31,2024, account balances of Orlole Company Into dollars assuming that the pound is the functional currency of Orlole Company. (Round answers to 0 decimal places, e.g.5,125. Enter loss and debit cumulative translation adjustment using either a negative sign preceding the number e.g.\(-2,945\) or parentheses e.g.\((2,945)\).)\$ Balance Sheet
The January 1 , 2 0 2 4 , retained earnings

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