ABC Company had the following balance sheet in millions of pesos on Decembe A ssets Liabilities and Net Worth Cash 400 Accounts Pavalble LT Debt 100 600 500 Net Plant and Equipment 800 200 Capital Stock6o0 arnings800 Relevant exchange rates: 5.10/Peso Inventory and Capital Stock were acquired/issued at this rate 5.08/Peso Plant and equipment and long-term debt were acquired/obtained at this r he exchange rate on December 31, 2016. .14/Peso Exchange rate on January 1, 2017. ssume no change in the peso accounts between December 31, 2016 and January 1, alue of retained earnings under the current rate method was $50 million on Decen hat is the accounting gain or loss under the current rate method? hat is the accounting gain or loss under the temporal method? ve the balance sheet accounts in $ as of January 1, 2017 for both the current rat mporal method. 36 points ate gefoo 1as0 0 ABC Company had the following balance sheet in millions of pesos on Decembe A ssets Liabilities and Net Worth Cash 400 Accounts Pavalble LT Debt 100 600 500 Net Plant and Equipment 800 200 Capital Stock6o0 arnings800 Relevant exchange rates: 5.10/Peso Inventory and Capital Stock were acquired/issued at this rate 5.08/Peso Plant and equipment and long-term debt were acquired/obtained at this r he exchange rate on December 31, 2016. .14/Peso Exchange rate on January 1, 2017. ssume no change in the peso accounts between December 31, 2016 and January 1, alue of retained earnings under the current rate method was $50 million on Decen hat is the accounting gain or loss under the current rate method? hat is the accounting gain or loss under the temporal method? ve the balance sheet accounts in $ as of January 1, 2017 for both the current rat mporal method. 36 points ate gefoo 1as0 0