Cairo Ingot, Ltd. Cairo Ingot, Ltd., is the Egyptian subsidiary of Trans-Mediterranean Aluminum, a British multinational that fashions automobile engine blocks from aluminum Trans-Mediterranean's home reporting currency is the British pound. Cairo Ingot's December 31 balance sheet is shown in the popup window: At the date of this balance sheet the exchange rate between Egyptian pounds and British pounds sterling was E5.00 What is Cairo Ingot's contribution to the translation exposure of Trans-Mediterranean on December 31, using the current rate method? Calculate the translation exposure loss to Trans-Mediterranean if the exchange rate at the end of the following quarter is EE5.50 Cairo Ingot's translated balance sheet using the current rate method is shown in the popup window, Assume all balance sheet accounts are the same at the end of the quarter as they were at the beginning Using the current rate method, what is Cairo Ingot's contribution to the translation exposure of its parent? (Round to the nearest Egyptian pound.)