Additional information:

(1) Inventory is carried at FIFO cost. Opening inventory was purchased on Jan 1, 2021. Ending inventory was acquired evenly throughout the month of December.

(2) 30,000,000 Won additional capital was raised on Feb 25, 2020

Require: Translate the financial statements

a. Current rate method

b. Temporal method

Sunsquare Company was created as a wholly owned subsidiary of Times Corporation (a US based company) on January 1,2021. On that date, Times Corporation invested USD50,000 in Sunsquare's capital stock. Given the exchange rate on that date of 1400 Won per USD. Sunsquare's Won denominated financial statements for the year ended December 31, 2021 are as follows: Sunsquare Company was created as a wholly owned subsidiary of Times Corporation (a US based company) on January 1,2021. On that date, Times Corporation invested USD50,000 in Sunsquare's capital stock. Given the exchange rate on that date of 1400 Won per USD. Sunsquare's Won denominated financial statements for the year ended December 31, 2021 are as follows