3. Based on FASB 52 assuming Deutz's financial statement are in Deutsche Marks: a. If the Machinery International's functional currency andreporting currency are both U.S. dollars, what translation method do you use? (1.5 Points)- Temporal method- b. If the Machinery International's functional currency is Deutsche Mark and its reporting currency is U.S. dollars, what translation method do currencypis use? (1.5 Points) you 4. How much property and equipment did the firm purchase in 2001 in Deutsche Marks? (Hint it takes 2 years worth of data) (1.25 Points) 5. How is retained earnings calculated? (Hint it takes 2 years worth of data and data from both the balance sheet and income statement)(1.25 Points) 6. How is return on equity and return on assets calculated? (1.5 Points)