9:26 Done Chapter 10 Worksheet ADVANCED ACCOUNTING 5G WORKSHEET #3 - DUE TUESDAY, May 3, 2022 BEFORE 11:59 PM On July 15, 2017, Fishing World paid 4 milion Canadian dollars (CAD) to purchased 100% of the common stock of Wilderness Fishing, a Canadian firm. The common stock of Wildemess was on the Wilderness books at 3 million CAD on July 15, 2017, Wilderness Fishing continued to operate as a separate company. Wilderness Fishing's functional currency is the Canadian dollar (CAD) On November 1, 2020, Wildemess purchased a building at a cost of 1,000,000 CAD. On June 5, 2021, Wilderness purchased land at a cost of 200,000 CAD During 2022, Wilderness declared a cash dividend on June 1, 2022 and paid the dividend dividend on July 1, 2022. The dividend was 75,000 CAD On August 10, 2022, Wilderness sold equipment at a loss of 50,000 CAD L Yea Sal K 588 RRE ERE C Gr Op Other information December 31, 2021 USD RE was $205,000 Dec 31, 2021 Translation Bal- 205,300pi Ba Net July 15, 2017 De Enc 07000 November 1, 2020 0.7500 June 5, 2021 08100 January 1, 2022 07700 June 1, 2022 0.7752 July 1, 2022 07820 August 10, 2022 0.7880 December 31, 2022 0.7900 Weighted Ave 2022 07790 REQUIRED: 1) Prepare the conversion to US. Dollars at December 31, 2022. 2) Prepare the Computation of Translation Adjustment to determine the 2022 translation change. Ball Ca Aa Aa Lar Ti Aa Not Ce Rat Tot