Check my work 1 1 20 points ook On January 1, 20X1. Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial Investment cost of Swiss francs (SFO) 62,000. SunTime's December 31, 20x1, trial balance in SFr is as follows Debit Credit Cash SFr 8,eee Accounts Receivable (net) 24,000 Receivable from Popular Creek 5,300 Inventory 26,500 Plant & Equipment 108,eee Accumulated Depreciation SFr 11,180 Accounts Payable 13,700 Bonds Payable 58,500 Common Stock 62, Sales 169,900 Cost of Goods Sold 74,600 Depreciation Expense 11,100 Operating Expense 33,500 Dividends Paid 16,820 Total Sir 387,2ee SFr3e7, 208 References Additional Information 1. The receivable from Popular Creek is denominated in Swiss francs. Its books show a $3,869 payable to Suntime 2. Purchases of inventory goods are made evenly during the year. items in the ending inventory were purchased November 1. Check my work 1 Additional Information 20 points 1. The receivable from Popular Creek is denominated in Swiss francs. Its books show a $3,869 payable to SunTime 2. Purchases of inventory goods are made evenly during the year Items in the ending inventory were purchased November 1 3. Equipment is depreciated by the straight-line method with a 10-year life and no residual value. A full year's depreciation is taken in the year of acquisition. The equipment was acquired on March 1 4. The dividends were declared and paid on November 1 5. Exchange rates were as follows: ook Paint January 1 March 1 November 1 December 31 zexi average SET 5 10.se 10.77 1 -0.74 1=0.73 1 = 8.75 Ruferences 6. The US dollar is the functional currency Required: a. Prepare a schedule remeasuring the December 31, 20x1, trial balance from Swiss francs to dollars. (If no adjustment is needed, select 'No entry necessary:) 1 Sun Time Company Trial Balance Remeasurement Schedule December 31, 20X1 20 points U.S. Dollars eBook Print References Cash Accounts receivable (net) Receivable from Popular Creek Inventory Plant and equipment Cost of goods sold Depreciation expense Operating expense Dividends paid Total 0 $ 0 Total debits Accumulated depreciation Accounts payable Bonds payable Common stock Sales Total $ Total credits $ 0