Complete the following worksheet, assuming that on January 1, 2016 White Inc purchased Lock Corp. Lock's functional currency is the FC. Please enter your answers in the boxes below. Note, some browser types may require users to click on the far left side of each entry box to get the cursor to appear. Date Relevant Exchange Rates January 1, 2016 1 FC - 50.25 January 1, 2017 1 FC = $0.30 March 31, 2017 1 FC $0.40 December 31, 2017 1 FC - 50.50 Weighted averare 2017 1 FC -30.37 Lock Corporation For the Year Ended December 31, 2017 Type USD Amount Rounded Type Rate Below Whole Numbers no 5.no decimal Income Statement Net sales FC 2.000.000 costs and expenses 100.000 Net Income FC 1.200.000 1.300.000 Statement of Retained Emines Retained earnings, beginning of Year FC 6,500,000 Net Income 1.200.000 FC 7.700.000 Dividends declared on March 31) 1.000.000 FC 6.700.000 Retired emines, and of ye Retained earnings, end of year FC 6,700.000 Balance Sheet Assets: Current assets FC 3,000,000 Plant assets (net) (purchased January 1, 2016) 55,000,000 Total assets FC 58,000,000 Liabilities and Stockholders Equity: Current liabilities FC 4,000,000 Long-term debt 25,000,000 Common stock (issued January 1. 2016) 5,000,000 Paid-in capital in excess of par 17,300.000 Retained earnings 6,700,000 Cumulative translation adjustments Total liabilities and stockholders' equity FC 58,000,000