Background:Parent Company formed a subsidiary company operating in Germany and capitalized it with 900,000 Euros () when the exchange rate to the $US was 1:$0.75.Since its inception, the foreign subsidiary company has performed well, recording net income of 840,000 on sales of 6,000,000 in the most recent year.cumulative retained earnings now stand at 3,906,000.

Required: Complete the "Table" tab to translate and remeasure the subsidiary's financial statements.Assume a BOY Retained Earnings balance of $2,625,000 for the current rate method and $2,866,992 for the remeasurement.