your justification. Part C: (70 pts.) Write legibly with your answers highlighted (specific but concise). Answer all questions with your works shown. a Paris-based manufacturing affiliate of a US corporation with the following balance sheet (thousands of Euro, ) is as follows: Balance Sheet Cash 3,600 Accounts payable Accounts Receivable 4,800 Five-year bank loan Inventory 4,800 Capital stock Net plant & equipment 6,000 Retained earnings 19,200 2,400 3,600 5,000 8.200 19,200 The current exchange rate (Sept. 2019) ut exchange rate (Sept. 2019) is 0.9800 (5/6), but the Euro ( just depreciate 3.5% (Si= _(S/)?) on Oct. 1, 2019 (time of translation). The historical rule (S/E)?) on Oct. 1, 2019 (time of , common stocks, retained earnings) was 0.9850 (S/E). The average exchange rate or inventories) was 0.9950 (S/). (1) (5 pts.) The new exchange rate (Si) after the change will be (2) (35 pts.) Discuss translation loss ROK's US parent experiences based on the "Current Rate Method." Explain how each account contributed to the translation gain/loss. Amount (S) After change Net Change Amount ($) Items (Unit: 000) Before change Cash 3,600 Accounts Receivable 4,800 Inventory 4,800 Net plant & equipment 6,000 Total Assets 19,200 Accounts payable 2,400 Five-year bank loan 3,600 Capital stock 5,000 Retained earnings 8,200 CTA(Cumulative Translation Account) Liabilities & Equity 19,200 (Nate) Net loss/gain = 3 The current exchange rate (Sept. 2019) is 0.9800 (S/E), but the Euro () just depreciated by 3.5% (S1= (S/)?) on Oct. 1, 2019 time of translation). The historical rate (for bank loan, common stocks, retained earnings) was 0.9850 (S/). The average exchange rate (for inventories) was 0.9950 (S/E). (1) (5 pts.) The new exchange rate (S1) after the change will be 1). (2) (35 pts.) Discuss translation loss ROK's US parent experiences based on the "Current Rate Method." Explain how each account contributed to the translation gain/loss. Amount (S) After change Net Change Amount (S) Items (Unit: 000) Before change Cash 3,600 Accounts Receivable 4,800 Inventory 4,800 Net plant & equipment 6,000 Total Assets 19,200 Accounts payable 2,400 Five-year bank loan 3,600 Capital stock 5,000 Retained earnings 8,200 CTA(Cumulative Translation Account) Liabilities & Equity 19,200 (Note) Net loss/gain =