Compte, Incorporated (a U.S.-based company), establishes a subsidiary in Croatia on January 1, 2023. The following account balances for the year ending December 31, 2024, are stated in kuna (K), the local currency: Sales Inventory (bought on 3/1/24) Equipment (bought on 1/1/23) Rent expense Dividends (declared on 10/1/24) Notes receivable (to be collected in 2027) Accumulated depreciation-equipment Salary payable Depreciation expense K 390,000 214,500 98,000 26,000 32,000 55,000 29,400 8,800 9,800 The following U.S. dollar per kuna exchange rates are applicable: January 1, 2023 Average for 2023 January 1, 2024 March 1, 2024 October 1, 2024 December 31, 2024 Average for 2024 $ 0.38 0.43 0.44 0.46 0.47 0.39 0.45 Compte is preparing account balances to produce consolidated financial statements. Required: a. Assuming that the kuna is the functional currency, what exchange rate would be used to report each of these accounts in U.S. dollar consolidated financial statements? b. Assuming that the U.S. dollar is the functional currency, what exchange rate would be used to report each of these accounts in U.S. dollar consolidated financial statements? Note: For all requirements, round your answers to 2 decimal places. Account Exchange Rate a. Sales a. Inventory a. Equipment a. Rent expense a. Dividends a. Notes receivable a. Accumulated depreciation-equipment a. Salary payable a. Depreciation expense b. Sales b. Inventory b. Equipment b. Rent expense b. Dividends b. Notes receivable b. Accumulated depreciation-equipment b. Salary payable b. Depreciation expense