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 31,206, and December 31,207, 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: a. Present both the direct and the indirect exchange rate for the rupees for the three dates of (1) January 1 , 20x6, (2) December 31 , 206, and (3) December 31,207. (Round your direct rate answers to 5 decimal places.) b. Prepare the subsidiary's translated balance sheet as of December 31,206, 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. If no adjustment is needed, select 'No Entry Necessary'.) c. Prepare the subsidiary's translated balance sheet as of December 31,207, 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. If no adjustment is needed, select 'No Entry Necessary'.) c. Prepare the subsidiary's translated balance sheet as of December 31,207, 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. If no adjustment is needed, select 'No Entry Necessary'.) d. Compute the amount that 207 's other comprehensive income would include as a result of the translation. 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 31,206, and December 31,207, 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: a. Present both the direct and the indirect exchange rate for the rupees for the three dates of (1) January 1 , 20x6, (2) December 31 , 206, and (3) December 31,207. (Round your direct rate answers to 5 decimal places.) b. Prepare the subsidiary's translated balance sheet as of December 31,206, 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. If no adjustment is needed, select 'No Entry Necessary'.) c. Prepare the subsidiary's translated balance sheet as of December 31,207, 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. If no adjustment is needed, select 'No Entry Necessary'.) c. Prepare the subsidiary's translated balance sheet as of December 31,207, 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. If no adjustment is needed, select 'No Entry Necessary'.) d. Compute the amount that 207 's other comprehensive income would include as a result of the translation