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	R 100,000	R 80,000
Receivables	450,000	550,000
Inventory	680,000	720,000
Fixed Assets, net	1,000,000	900,000
Total Assets	R 2,230,000	R 2,250,000
Equities:
Current Payables	R 260,000	R 340,000
Long-Term Debt	1,250,000	1,100,000
Common Stock	500,000	500,000
Retained Earnings	220,000	310,000
Total Equities	R 2,230,000	R 2,250,000

Bentley formed the subsidiary on January 1, 20X6, when the exchange rate was 30 rupees for 1 U.S. dollar. The exchange rate for 1 U.S. dollar on December 31, 20X6, and December 31, 20X7, 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.

Prepare the subsidiarys translated balance sheet as of December 31, 20X6, assuming the rupee is the subsidiarys functional currency.

Prepare the subsidiarys translated balance sheet as of December 31, 20X7, assuming the rupee is the subsidiarys functional currency.