15. Ginvold Co. began operating a subsidiary in a foreign country on January 1, 2013 by acquiring all of the common stock for 50.000 Stickles, the local currency. This subsidiary immediately borrowed 120,000 on a five-year note with ten percent interest payable annually beginning on January 1 , 2014 . A building was then purchased for 170,000 on January 1 , 2013. This property had a ten-year anticipated life and no salvage value and was to be depreciated using the straight-line method. The building was immediately rented for three years to a group of local doctors for 6,000 per month. By year-end, payments totaling 60,000 had been received. On October 1 , ,000 were paid for a repair made on that date and it was the only transaction of this kind for the year. A cash dividend of $6,000 was transferred back to Ginvold on December 31,2013. The functional currency for the subsidiary was the Stickle (8). Currency exchange rates were as follows: January 1, 2013 October 1,2013 Average for 2013 December 31, 2013 51-s240 51-S2.22 51 = $2.28 $1-S2.16 Prepare a balance sheet for this subsidiary in stickles and then translate the amounts into U.S dollars