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nt of Cash Flows Conversion Costless Group has ncuine for 2019. ABC Stores' beginning and ending trial balances, in its functional currency, the euro, are below. a subsidiary in France, A BC Ston Dr (Cr) December 31 January 1 in thousands) .40,000 160 000 400 000 Receivables Inventories Accounts payable.. 30,000 140,000 200,000 1,650,000 150,000) 600,000) 500,000) (800,000) (1,000,000 500,000) (800,000) ....(10,000,000) 6,000,000 3,900,000 enses. Additional information (in thousands): 1. Plant assets costing E1,520,000 were acquired on July 6, when the exchange rate was $1.10/. 2. Included in operating expenses is 1,200,000 in depreciation on plant assets. 3. Sales revenue, purchases, and out of pocket operating expenses were incurred evenly during year. 4. Changes in receivables and accounts payable occurred evenly during the year. The accounts payal are amounts owed to merchandise suppliers 5. ABC borowed 400,000 when the exchange rate was $1.09/E 6. Other exchange rates were: January 1,$1.08/: December 31,S1.14/; average for the year, $1.12 Prepare a statement of cash flows for ABC Stores, in euros, and then convert the statement into U dollars Required Use the direct format for the operating section of the statement, with a schedule to cash from ope rations. Include a computation of the effect of exchange rate changes on cash income