a) Alexander Corporation (a U.S based company) acquired 100 percent of a Swiss company for 8.2 million Swiss francs on January 1, Year 1. At the date of acquisition, the exchange rate was $0.70 per franc. The acquisition price is attributable to the following assets and liabilities denominated in Swiss francs. Cash Inventory Non-current assets Notes Payable Capital Stock. Retained Earnings 1,000,000 2,000,000 7,000,000 1,800,000 4,200,000 4,000,000 Alexander Corporation prepares consolidated financial statements on December 31, Year 1. By the date, the Swiss franc appreciated to $0.75. The average rate for Year 1 was $0.73. a) What is the current rate? b) What is the historical rate? c) Using the current method, prepare a balance sheet in francs and USD