Adirional Inforiuation - The coumon stoch was isseed in 2013 when the exchaage rate was $2.05 per pouad: property. plant, and equipment whs acquired in 2014 wheit the rate was 5200 per pousd. - As of Jamary f.2020, the retained earnings balasice was wrsnstated as 5.96 .520 . - The U.S. dodlar-perpound exshaage tates for 2020 follos: - Iaveatery was asquired evenly thioughout the jear: - The December 31, 2019, balance sheet reported a traestation adjustatent with a debir balance of $85,000. - Dividends were declared on April I, 2020, and a piece of euipmeat was sold on Septenber 1, 2020. Assume that the pound is Livinzston Coapaig's functional currency. Translate the 2020 foreign currency financial statements tato the poreat's reporting currency; the U.S. dollar, Chapter 10, Problem 32 a and b Adirional Inforiuation - The coumon stoch was isseed in 2013 when the exchaage rate was $2.05 per pouad: property. plant, and equipment whs acquired in 2014 wheit the rate was 5200 per pousd. - As of Jamary f.2020, the retained earnings balasice was wrsnstated as 5.96 .520 . - The U.S. dodlar-perpound exshaage tates for 2020 follos: - Iaveatery was asquired evenly thioughout the jear: - The December 31, 2019, balance sheet reported a traestation adjustatent with a debir balance of $85,000. - Dividends were declared on April I, 2020, and a piece of euipmeat was sold on Septenber 1, 2020. Assume that the pound is Livinzston Coapaig's functional currency. Translate the 2020 foreign currency financial statements tato the poreat's reporting currency; the U.S. dollar, Chapter 10, Problem 32 a and b