Board Co was formed on January 1, 2015 as a wholly owned foreign wasdry of a US.com Board's functional currency was the Kites (the local currency with the following actions and events occurred during 2018: January 1 Board issued common stock for 78,000 Lites March 1 B oard round of dividends of 5,000 Lite October Board ond round of divideo December 11 Board report net income of 25.000 Exchange rates for 2018 were: January 1, 2018 Much 1, 2015 o uld Board December 1, 2015 Asuming the heard functional currency, which translation w report for 2018 . $4,220 decrease in relative value of net b. $1.220 increase in relative value of net c. 56.200 decrease in relative value of n e S60 screase in the value of Answer questions 1 and 15 hased on the for m ation Certain balance sheet out of a foreign subsidiary of the Tulip Code wat is dan 14. If the US dollar in the functional currency of this subsidiary, what totalment should be Tulip's balance sheet in US dollar 5901 500 $895.000 rical need to 15. If the current rate used to restore these amounts 5.95, what was the average arrive at the amount for historical test Board Co was formed on January 1, 2015 as a wholly owned foreign wasdry of a US.com Board's functional currency was the Kites (the local currency with the following actions and events occurred during 2018: January 1 Board issued common stock for 78,000 Lites March 1 B oard round of dividends of 5,000 Lite October Board ond round of divideo December 11 Board report net income of 25.000 Exchange rates for 2018 were: January 1, 2018 Much 1, 2015 o uld Board December 1, 2015 Asuming the heard functional currency, which translation w report for 2018 . $4,220 decrease in relative value of net b. $1.220 increase in relative value of net c. 56.200 decrease in relative value of n e S60 screase in the value of Answer questions 1 and 15 hased on the for m ation Certain balance sheet out of a foreign subsidiary of the Tulip Code wat is dan 14. If the US dollar in the functional currency of this subsidiary, what totalment should be Tulip's balance sheet in US dollar 5901 500 $895.000 rical need to 15. If the current rate used to restore these amounts 5.95, what was the average arrive at the amount for historical test