Alamo Inc. purchased 80 percent of the outstanding stock of Western Ranching Company, located in Australia, on January 1, 20X3. The purchase price in Australian dollars (A$) was A$200,000, and A$40,000 of the differential was allocated to plant and equipment, which is amortized over a 10-year period. The remainder of the differential was attributable to a patent. Alamo Inc. amortizes the patent over 10 years. Western Ranching's trial balance on December 31, 20X3, in Australian dollars is as follows: Credits Debits Cash A$ 44,100 Accounts Receivable (net) 72,000 Inventory 86,000 Plant & Equipment 240,000 A$ 60,000 Accumulated Depreciation Accounts Payable 53,800 10,800 Payable to Alamo Inc. Interest Payable 3,000 12% Bonds Payable 100,000 Premium on Bonds 5,700 Common Stock 90,000 40,000 Retained Earnings Sales 579,000 330,000 Cost of Goods Sold Depreciation Expense 24,000 Operating Expenses 131,500 Interest Expense 5,700 Dividends Paid 9,000 Total A$ 942,300 A$ 942,300 Assume that the Australian dollar (A$) is the functional currency and thatAlamo uses the fully adjusted equity method for accounting for its investment in Western Ranching. A December 31, 20X3, trial balance for Alamo Inc. follows