Bentley Company owns a subsidiary in India whose balance sheets in rupees (R) for the last two years follow: Bentley formed the subsidiary on January 1,206, 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 earnec evenly over the year, and the subsidiary declared no dividends during its first two years of existence. Required: a. Present both the direct and the indirect exchange rates for the rupees for the three dates of (1) January 1, 20X6; (2) December 31 , 20X6; and (3) December 31, 207. b. Prepare the subsidiary's translated balance sheet as of December 31,206, assuming the rupee is the subsidiary's functional currency. c. Prepare the subsidiary's translated balance sheet as of December 31,207, assuming the rupee is the subsidiary's functional currency. d. Compute the amount that 20X7's other comprehensive income would include as a result of the translation. a. Present both the direct and the indirect exchange rates for the rupees for the three dates of (1) January 1, 20X6; (2) December 31 20X6; and (3) December 31, 207. b. Prepare the subsidiary's translated balance sheet as of December 31,206, assuming the rupee is the subsidiary's functional currency. c. Prepare the subsidiary's translated balance sheet as of December 31,207, assuming the rupee is the subsidiary's functional currency. d. Compute the amount that 20X7's other comprehensive income would include as a result of the translation. Complete this question by entering your answers in the tabs below. Present both the direct and the indirect exchange rates for the rupees for the three dates of (1) January 1, 20X6; (2) December 31, 20X6; and (3) December 31, 20X7. Did the dollar strengthen or weaken in 206 and in 207 ? Note: Round your direct rate answers to 5 decimal places. Prepare the subsidiary's translated balance sheet as of December 31,206, assuming the rupee is the subsidiary's functional currency. Note: 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'. Prepare the subsidiary's translated balance sheet as of December 31,207, assuming the rupee is the subsidiary's functional currency. Note: 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'. a. Present both the direct and the indirect exchange rates for the rupees for the three dates of (1) January 1, 20X6; (2) December 3 20X6; and (3) December 31, 207. b. Prepare the subsidiary's translated balance sheet as of December 31,206, assuming the rupee is the subsidiary's functional currency. c. Prepare the subsidiary's translated balance sheet as of December 31,207, assuming the rupee is the subsidiary's functional currency. d. Compute the amount that 20X7's other comprehensive income would include as a result of the translation. Complete this question by entering your answers in the tabs below. Compute the amount that 20X7 's other comprehensive income would include as a result of the translation