(b) Denner's functional currency is the Swiss franc. Prepare Denner's translated December 31, 2024 trial balance, and a schedule showing the computation of the translation gain or loss for 2024. - Use negative signs with your Cr (credit balance) answers. - Enter answers in thousands. (a) Denner's functional currency is the U.S. dollar. Prepare Denner's remeasured December 31, 2024 trial balance, and a schedule showing the computation of the remeasurement gain or loss for 2024. - Use negative signs with your Cr (credit balance) answers. - Enter answers in thousands. Costsave's financial statements. Denner's trial balances for January 1 and December 31, 2024, in Swiss francs (CHF) appear below. \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ (in thousands) } & \multicolumn{2}{|c|}{ Dr(Cr) } \\ \hline Cash and receivables & December 31 & January 1 \\ \hline Inventories & 55,000 & 60,000 \\ \hline Plants and equipment, net & 175,000 & 150,000 \\ \hline Accounts and notes payable & (120,000) & (125,000) \\ \hline Common stock & (30,000) & (30,000) \\ \hline Retained earnings, January 1 & (80,000) & (80,000) \\ \hline Dividends & 20,000 & -- \\ \hline Sales & (500,000) & -- \\ \hline Cost of sales & 375,000 & -- \\ \hline Operating expenses & 75,000 & -- \\ \hline Totals & CHF 0 & CHF 0 \\ \hline \hline \end{tabular} Additional Information: (in thousands) 1. Included in operating expenses is depreciation expense of CHF5,000. 3. The ending inventory was purchased during the month of December. 4. Revenues, purchases, and operating expenses other than depreciation occurred evenly during the year. 5. Dividends were declared on December 31, 2024. 6. Exchange rates for 2024 were as follows ($/CHF) : It is now December 31, 2024, and Denner's accounts must be converted to U.S. dollars in preparation for consolidation. - Use negative signs with your Cr (credit balance) answers. - Enter answers in thousands. Instructions for Translation Gain/Loss Schedule: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a translation gain or translation loss. 4. Do not use a negative sign with your translation gain or translation loss answer. Instructions for Remeasurement Gain/Loss Schedule: 1. Use negative signs with answers to indicate a negative exposed position balance. 2. Use negative signs with answers to indicate an amount that reduces the exposed position balance. 3. Using the drop-down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss. 4. Do not use a negative sign with your remeasurement gain or remeasurement loss answer. Do not use negative signs with any of your answers below. Do not use negative signs with any of your answers below. Do not use negative signs with any of your answers below