Fenwicke Company began operating a subsidiary in a foreign country on January 1, 2009, by acquiring all of its common stock for LCU 40,000, which was equal to fair value. This subsidiary immediately borrowed LCU 100,000 on a five-year note with 10 percent interest payable annually beginning on January 1, 2010. The subsidiary then purchased for LCU 140,000 a building that had a 10-year anticipated life and no salvage value and is to be depreciated using the straight-line method. The subsidiary rents the building for three years to a group of local doctors for LCU 5,000 per month. By year-end, payments totaling LCU 50,000 had been received. On October 1, LCU

 LO6 4,000 was paid for a repair made on that date. The subsidiary transferred a cash dividend of LCU 5,000 back to Fenwicke on December 31, 2009. The functional currency for the subsidiary is the LCU. Currency exchange rates for 1 LCU follow:
January 1, 2009.$2.00 = LCU 1 October 1,2009.1.85 = 1 Average for 2009.1.90 = 1 December 31,2009.1.80 = 1 Prepare an income statement, statement of retained earnings, and balance sheet for this subsidiary in LCU and then translate these amounts into U.S. dollars.