2. An analysis of the accounts receivable balance is as follows:

			20X2					20X1
Accounts Receivable:
Balance at beginning of year		LCU	38,100
Sales (42,000 LCU per month in 20X2 and 37,000 LCU per month in 20X1)			504,000				LCU	444,000
Collections			(496,000	)				(404,400	)
Write-offs (May 20X2 and December 20X1)			(2,800	)				(1,500	)
Balance at end of year		LCU	43,300				LCU	38,100

		20X2				20X1
Allowance for Uncollectible Accounts:
Balance at beginning of year	LCU	1,100
Provision for uncollectible accounts		3,000			LCU	2,600
Write-offs (May 20X2 and December 20X1)		(2,800	)			(1,500	)
Balance at end of year	LCU	1,300			LCU	1,100

3. An analysis of inventories, for which the first-in, first-out inventory method is used, follows:

		20X2				20X1
Inventory at beginning of year	LCU	61,000
Purchases (June 20X2 and June 20X1)		345,000			LCU	385,000
Goods available for sale	LCU	406,000			LCU	385,000
Inventory at end of year		(66,000	)			(61,000	)
Cost of goods sold	LCU	340,000			LCU	324,000

4. On January 1, 20X1, Kiners foreign subsidiary purchased land for 27,000 LCU and plant and equipment for 150,000 LCU. On July 4, 20X2, additional equipment was purchased for 35,000 LCU. Plant and equipment is being depreciated on a straight-line basis over a 10-year period with no residual value. A full years depreciation is taken in the year of purchase.
5. On January 15, 20X1, 7 percent bonds with a face value of 140,000 LCU were issued. These bonds mature on January 15, 20X7, and the interest is paid semiannually on July 15 and January 15. The first interest payment was made on July 15, 20X1.

Required: Prepare a schedule translating the selected accounts into U.S. dollars as of December 31, 20X1, and December 31, 20X2, respectively, assuming that the local currency unit is the foreign subsidiarys functional currency. (Round your dollar amounts to nearest whole dollar.)

Exchange rate not given.

KINER COMPANY'S FOREIGN SUBSIDIARY Translation of Selected Captions into United States Dollars December 31, 20X2, and December 31, 20X1 Balance Indirect Translated into in LCUS Exchange Rate U.S. Dollars December 31, 20X1: Accounts receivable (net) 37,000 Inventories, at cost 61,000 Property, plant and equipment (net) 162,000 Long-term debt 140,000 Common stock 110,000 42,000 December 31, 20X2: Accounts receivable (net) Inventories, at cost Property, plant and equipment (net) Long-term debt 66,000 178,500 120,000 Common stock 110,000 KINER COMPANY'S FOREIGN SUBSIDIARY Translation of Selected Captions into United States Dollars December 31, 20X2, and December 31, 20X1 Balance Indirect Translated into in LCUS Exchange Rate U.S. Dollars December 31, 20X1: Accounts receivable (net) 37,000 Inventories, at cost 61,000 Property, plant and equipment (net) 162,000 Long-term debt 140,000 Common stock 110,000 42,000 December 31, 20X2: Accounts receivable (net) Inventories, at cost Property, plant and equipment (net) Long-term debt 66,000 178,500 120,000 Common stock 110,000