A business subsidiary owned by you in Canada reports their financial information with their local currency (Canadian Dollar). Table 1 reports the financial information. Translate the financial information of your Canadian subsidiary using Current Rate Method and Temporal method. The Spot Rate is CAD 1 equal to MYR 2.5 The historical rate is CADD 1 equal to MYR 3.

Table 1 Financial Information from Subsidiary in Canadian

Cash	$3,000
Deposit in Bank	$1,500
Inventory	$4,500
Account Receivables	$3,000
Building	$60,000
Equipment	$25,000
Intangible Assets	$15,000
Account Payable	$5,500
Short-term Bank Loans	$13,000
Long Term Debt	$41,000
Sales	$88,000
COGS	$80,000