Assume that the balance sheet and income statement of a French subsidiary, which keeps its books in euro, is translated into U.S. dollars, the reporting currency of the U.S. MNC. The table presents the balance sheet and income statement in euro. The subsidiary is at the end of its first year of operation, meaning the balance of retained earnings at the beginning of this year is O. It is also carrying its inventory at current value. The historical exchange rate is 1.60/$, and the current exchange rate is 0.40/$. Fill out the missing entries that translate the balance sheet and income statement for this French subsidiary using the Current/Noncurrent Method, the Monetary/Nonmonetary Method, the Temporal Method, and the Current Rate Method. Please do not type in the thousands separator and use a minus sign if the number is negative. For example, if your answer is -$1,000, type in - 1000. Current/N Monetary/Non current monetary Temporal Current Rate Currency Cash 4.000 $ $ Inventory 2,000 $1 $ Net fixed 7.000 $ $ assets Total Assets 13,000 $ Current 1.000 $ liabilities Long-term debt Common stock 6.200 Retained earnings 3000 $ Total L& 13.000 Income Statement Sales Revenue 20,000 $ 43 / UL 2 / COGS s 5 Depreciation 4,000 Net 5.000 Operating Income Tax(40%) 2000 Profit after 3.000 tax Foreign Exchange gain (loss) Net income Dividends 0 SO Addition to Retained Earnings 3,000 S Assume that the balance sheet and income statement of a French subsidiary, which keeps its books in euro, is translated into U.S. dollars, the reporting currency of the U.S. MNC. The table presents the balance sheet and income statement in euro. The subsidiary is at the end of its first year of operation, meaning the balance of retained earnings at the beginning of this year is 0. It is also carrying its inventory at current value. The historical exchange rate is 1.60/$, and the current exchange rate is 0.40/$. Fill out the missing entries that translate the balance sheet and income statement for this French subsidiary using the Current/Noncurrent Method, the Monetary/Nonmonetary Method, the Temporal Method, and the Current Rate Method. Please do not type in the thousands separator and use a minus sign if the number is negative. For example, if your answer is -$1,000, type in - 1000