A domestic-based company uses the translation method to report its foreign subsidiaries. Which of the following would not be done when translating each foreign subsidiary's financial statements to U.S. dollars under the translation (current rate) method? Roll forward the retained earnings account by transferring net income to this account. Convert all income statement accounts at the weighted average exchange rate during the year. Plug translation gains to other comprehensive income with losses reflected as a retained earnings adjustment. Use the historical rate to translate the common stock and additional paid-in capital accounts with all other asset and liability accounts translated using the current year-end rate