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

Stated at Current Rates Historical Rates

Accounts receivable, current $ 215,000 $ 235,000 '

Accounts receivable, long term 118,000 125,000

Land 59,000 63,000

Patents 89,000 94,000

Total 481,000 517,000

1. This subsidiarys functional currency is the U.S. dollar. What total should Orchids balance sheet include for the preceding items?

2. This subsidiarys functional currency is foreign currency. What total should Orchids balance sheet include for the preceding items?