Assume that the balance sheet and income statement of a French subsidiary, which keeps its books in euro, is translated into US 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. The historical exchange rate is $160/1.00 and the most recent exchange rate is $1.80/.Fill out the missing entries that translate the balance sheet and income statement for this French subsidiary using the CurrentNoncurrent Method Current/Non current 1 2. $ $ 3,780 2,700 4,800 11,280 $ $ 3 4 5 6 7 8 9 10 CNG CNS CN6 CN7 CNS $ $ Local Currency Balance Sheet Cash 2,100 Inventory (current Value 1500 1,800) Net fixed assets 3,000 Total Assets 6,600 Current liabilities 1200 Long-term debt 1,800 Common stock 2,700 Retained earnings 900 Total L&E 6,600 Income Statement Sales Revenue 10,000 COGS 7,500 Depreciation 1000 NOI C 1500 Tax(40%) 600 Profit after tax 900 Foreign Exchange gain (loss) Net Income 900 Dividends 0 Addition to Retained C 900 Earnings $ CNG 11 12 13 14 15 16 12 $ $ $ 3 $ $ $ CN14 CNTS CN16 CNIZ CN18 18 19 20 $ $ 5 CN18