Bentley Company owns a subsidiary in India whose balance sheets in rupees (R) for the last two years follow: December 31, 20X6 December 31, 20X7 Assets: Cash Receivables Inventory Fixed Assets, net R 119,000 468,000 685.000 1,016,000 R 93.000 565,000 737,000 917.000 Total Assets R2,288,000 R2,312,000 Equities: Current Payables Long-Term Debt Common Stock Retained Earnings R278,000 1.262.000 515,000 233,000 R 344,000 1.131.000 515.000 322,000 Total Equities R 2.288,000 R2,312.000 Bentley formed the subsidiary on January 1, 20X6, when the exchange rate was 30 rupees for U.S. dollar. The exchange rate for 1 U.S. dollar on December 31, 20X6, and December 31, 2007, had increased to 35 rupees and 40 rupees, respectively. Income is earned evenly over the year, and the subsidiary declared no dividends during its first two years of existence. Required: Present both the direct and the indirect exchange rate for the rupees for the three dates of (1) January 1, 20X6, (2) December 31, 20X6, and (3) December 31, 20X7. (Round your answer to 5 decimal places.) Prepare the subsidiary's translated balance sheet as of December 31, 20X6, assuming the rupee is the subsidiary's functional currency. (Round your "exchange rates" to 5 decimal "places in intermediate calculations. Round your final answers to nearest whole dollar. Ir no adjustment is needed, select "No Entry Necessary.) Prepare the subsidiary's translated balance sheet as of December 31, 20X7, assuming the rupe is the subsidiary's functional currency. (Round your "exchange rates to 5 decimal places in intermediate calculations. Round your final answers to nearest whole dollar. If no adjustment is needed, select "No Entry Necessary'.) Compute the amount that 20X7's other comprehensive income would include as a result of th translation Bentley Company owns a subsidiary in India whose balance sheets in rupees (R) for the last two years follow: December 31, 20X6 December 31, 20X7 Assets: Cash Receivables Inventory Fixed Assets, net R 119,000 468,000 685.000 1,016,000 R 93.000 565,000 737,000 917.000 Total Assets R2,288,000 R2,312,000 Equities: Current Payables Long-Term Debt Common Stock Retained Earnings R278,000 1.262.000 515,000 233,000 R 344,000 1.131.000 515.000 322,000 Total Equities R 2.288,000 R2,312.000 Bentley formed the subsidiary on January 1, 20X6, when the exchange rate was 30 rupees for U.S. dollar. The exchange rate for 1 U.S. dollar on December 31, 20X6, and December 31, 2007, had increased to 35 rupees and 40 rupees, respectively. Income is earned evenly over the year, and the subsidiary declared no dividends during its first two years of existence. Required: Present both the direct and the indirect exchange rate for the rupees for the three dates of (1) January 1, 20X6, (2) December 31, 20X6, and (3) December 31, 20X7. (Round your answer to 5 decimal places.) Prepare the subsidiary's translated balance sheet as of December 31, 20X6, assuming the rupee is the subsidiary's functional currency. (Round your "exchange rates" to 5 decimal "places in intermediate calculations. Round your final answers to nearest whole dollar. Ir no adjustment is needed, select "No Entry Necessary.) Prepare the subsidiary's translated balance sheet as of December 31, 20X7, assuming the rupe is the subsidiary's functional currency. (Round your "exchange rates to 5 decimal places in intermediate calculations. Round your final answers to nearest whole dollar. If no adjustment is needed, select "No Entry Necessary'.) Compute the amount that 20X7's other comprehensive income would include as a result of th translation