2.Assume that FASB 8 is still in effect instead of FASB 52. Construct a consolidated balance sheet for Centralia Corporation and its affiliates after a depreciation of the euro from 1.1000/$1.00 to 1.1786/$1.00 that is the counterpart to Exhibit 10.7 in the text. Centralia and its affiliates carry inventory and fixed assets on the books at historical values.

PLEASE EXPLAIN ANY OF THE NUMBERS THAT CHANGE!!! (best if you can show in excel with inputs and outputs). Thank you!

EXHIBIT 10.7 Consolidated Balance Sheet for Centralia Corporation and Its Mexican and Spanish Affiliates, December 31, 2016: Post-Exchange Rate Change (in ooo dollars) Centralia Corp. (Parent) Mexican Affiliate Spanish Affiliate Consolidated Balance Sheet 600 $ 700 $ 950a 1,450b 3,000 900 887 $ 2,250 3,237 5,900 1,500 1,400 Assets Cash Accounts receivable Inventory Investment in Mexican affiliate Investment in Spanish affiliate Net fixed assets Total Assets d 9,000 4,600 3,733 17,333 $ 28,720 $ 1,157 Liabilities and Net Worth Accounts payable Notes payable Long-term debt Common stock Retained earnings $ 1,800 2,200 7,110 3,500 3,950 $ 700b 1,700 2,700 1,043e 2,987 $ 3,657 4,943 12,797 3,500 3,950 (127) $ 28,720 Total liabilities and net worth