ABC Company had the following balance sheet, expressed in millions of pesos, on December 31, 2013 Assets Cash Accounts Receivable Inventories Net Plant and Equipment 600 400 200 800 Liabilities and Net Worth Accounts payable 500 LT Debt Capital Stock Retained Earnings 300 400 800 Relevant exchange rates are as follows: S.08/Peso Inventory was acquired at this rate and capital stock was issued at this rate S.10/Peso Plant and equipment was acquired at this rate as was long-term debt. This was also the exchange rate on December 31, 2013. S.12/Peso Exchange rate for January 1, 2014. As of December 31, 2013, assume the value of retained carnings under the current rate method was $80 million. 21. Under the current rate method, what is the value of the CTA account on January 1, 2014? a. Less than $20 million b. Between $20 million and S30 million c. Between $30 million and $35 million d. Over $35 million 22. Under the temporal method, what is the exchange gain or loss between December 31, 2013, and January 1, 2014? a. b. c. d. loss between 0 and $5 million loss greater than $5 million gain between 0 and $5 million gain greater than $5 million 23. Under the temporal method, what is the value of the exposed assets in dollars on December 31,2013? i. 60 million ii. 140 million iii. 200 million iv. not enough information to determine v. answers a, b, c, and d are all false