Using temporal method. Please be clear

Problem 2. Chapter N (Worth 20 points.) Great Balls of Fire (GBI) Manufacturing is a subsidiary of RJK, a US company British Inc., Required Using the Temporal Method, translate GBF's Balance sheet and Statement of Income and Retained Earnings into US Dollars. Relevant exchange rates. Rates in effect when capital stock was issued, the long-term notes payable were issued, and fixed assets were acquired December 31, 20x0. s per 1.85 Average for 20x December 31, 20x1 1.48 1.53 Rate for December 31, 2000 Rate for December 31, 2001 inventory... 1.56 Dividend rate, June 30, 20x1 1.45 Assume that taxes were paid evenly throughout the year 1.55 Retained Earnings, December 31,20x0 (temporal method). .......si2.300 Balance Sheet, GBF Mfg., at Dec ember 31, 20x1, Pounds Sterling (in thousands) Assets Current Assets exchange Cash and receivables Inventory, ..............4,000 Total 8,500 Fixed Assets Land .................3,000 Building (cost E10,000). ...........7,000 Equipment (cost 10,000). Total 14,000 Total Assets Liabilities and Stockholders' Equity Current Liabilities Long-term liabilities Notes Payable 3,000 Deferred Income Taxes 2,500 5,500 Stockholders' Equity Capital Stock. Retained Earnin 6,500 Total Liabilities and Stockholders' Equ 22,300