Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in U.S. dollars as follows:

	Stated at
Account	Current Rates	Historical Rates
Accounta Receivable, current	$ 200,000	$ 220,000
Accounts receivable, long term	100,000	110,000
Land	50,000	55,000
Patents	80,000	85,000
	$ 430,000	$ 470,000

Assume this subsidiary's functional currency is a foreign currency. What total should Orchid's balance sheet include for the preceeding items?

Assume this subsidiary's functional currency is the U.S. Dollar. What total should Orchid's balance sheet include for the preceeding items?