accounts are listed below for a foreign subsidiary that maintains its books in its local currency. The equity interest in the subsidiary was acquired in a purchase transaction. in the space provided, indicate the exchange rate that would be used to translate the accounts into dollars assuming the functional currency was identified (a) as the US dollar and (b) as the foreign entity's local currency. Use the following letters to identify the exchange rate:

H- historical exchange rate, C- current exchange rate, A- average exchange rate.

	US Dollar	Local Dollar
Bonds Payable
Office Supplies
Dividends Declared
Common Stock
Additional Paid in Capital
inventory carried at cost
short term notes payable
accumulated depreciation
cash
marketable securities
cost of goods sold
sales
accounts receivable
depreciation expense
income tax expense