Complete this question by entering your answers in the tabs below. Prepare a proof of the translation adjustment, assuming that the beginning credit balance of the accumulated other comprehensive incometranslation adjustment account was $3,280. Note: Amounts to be deducted should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. Did the U.S. dollar strengthen or weaken against the Mexican peso during the year? Solo Company Limited located in Mexico City, is a wholly owned subsidiary of Partner incorporated, a US company At the beginning of the year. Solo's condensed balance sheet was reported in Mexican pesos (MXP) as follows During the year, the company earned income of MXP270,000 and on November 1 declared dividends of MXP145,000. The Mexican peso is the functional curtency Relevant exchange rates between the peso and the US dollar follow Required: Required: Prepare a proof of the translation odjustment, ossuming that the beginning credit bolance of the Accumulated Other of Comprehensive income - Transiation Adjustment occount was $3.280 b. Did the US dollor strengthen or weaken against the Mexican peso during the year