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$40,000 of the differential was allocated to plant and equipment, which is amortized over a 10-year period. The remainder of the differential was attributable to a patent. Alamo Inc. amortizes the patent over 10 years. Western Ranching's trial balance on December 31, 20X3, in Australian dollars is as follows: Credits Debits A$ 44,100 Cash Accounts Receivable (net) 72,000 Inventory 86,000 Plant & Equipment 240,000 A$ 60,000 Accumulated Depreciation Accounts Payable 53,800 able to Alamo Inc 10,800 Interest Payable 3,000 12% Bonds Payable 100,000 Premium on Bonds 5,700 Common Stock 90,000 Retained Earnings 40,000 Sales 579,000 330,000 Cost of Goods Sold Depreciation Expense 24,000 Operating Expenses 131,500 5,700 Interest Expense 9,000 Dividends Paid Total A$ 942,300 A$ 942,300