$($b$)$ Assume that Sub's functional currency is the Bahamian dollar:

$($l$)$ Calculate the Year $2$ exchange gain or loss that would result from the translation of Sub's financial statements. $($Enter answers In

whole dollars and not In millions of dollars. Input all amounts as positive value. Omit currency symbol In your response.$)$

$(Clickto$ select$)vv$

$($II$)$ Prepare translated financial statements for Year $2($Round the values In the "Rate" column to $2$ declmal places. Loss amounts

should be Indicated with a minus sign. Enter answers In whole dollars and not In millions of dollars. Input all other amounts as

positive values. Omlt currency symbol In your response.$)$

$($III$)$ Calculate the amount of goodwill that would appear on the December $31,$ Year $2,$ consolidated balance sheet if there was an

impairment loss of B $$50,000$ during the year. $($Enter answers In whole dollars and not In millions of dollars. Input all other amou

as positive values. Omlt currency symbol In your response.$)$

Goodwill $-$ December $31,$ Year $2$ $

$($Iv$)$ Calculate the amount of the exchange gain or loss that would appear in Main's Year $2$ consolidated financial statements. $($Enter

answers in whole dollars and not In millions of dollars. Input all amounts as positive value. Omlt currency symbol In your

response.$)$On December $31,$ Year $1,$ Main Corporation of Toronto paid $13\mathrm{.}80$ million Bahamian dollars $(B$$ $)$ for $100\%$ of the outstanding common

shares of Sub Company of Bahamas. On this date, the fair values of Sub's identifiable assets and liabilities were equal to their carrying

amounts. Sub's comparative balance sheets and Year $2$ income statement are as follows:

Adelitional Informatlon

Exchange rates

Sub Company declared and paid dividends on September $30.$ Year $2.$

The inventories on hand on December $31,$ Year $2,$ were purchased when the exchange rate was $B$$$1=$$$0\mathrm{.}63.$

Required:

$($a$)$ Assume that Sub's functional currency is the Canadian dollar:

$($l$)$ Calculate the Year $2$ exchange gain or loss that would result from the translation of Sub's financial statements. $($Enter answers In

whole dollars and not In millions of dollars. Input all amounts as positive value. Omit currency symbol In your response.$)$

$($II$)$ Prepare translated financial statements for Year $2.($Round the values In the "Rate" column to $2$ decimal places. Exchange galn, If

any, should be entered as positive value, and Exchange loss, If any, should be entered with a minus sign. Enter answers In whole

dollars and not In millions of dollars. Input all other amounts as positive values. Omit currency symbol In your response.$)$