Consolidating an International Subsidiary, Year of Acquisition On February 1, 2019, Pathway Inc., a U.S. company, acquired all of the outstanding shares of Superbarn Supermarkets, an Australian chain, for A$150 million in cash, Superbarn's assets and liabilities were reported at amounts approximating fair value, but it had previously unrecorded intangible assets (5-year life, straight-linel valued at AS10 million. Superbarn's functional currency is the Australian dollar (A$). Pathway uses the complete equity method to record its investment in Superbern on its own books. The January 31, 2020 trial balances of the two companies are below. Pathway Superbam In thousands) Cash and receivables menores Dr (Cr) Dr (Cr) $15,00 AS 5,000 90,000 30.000 Plant and equipment net 776,500 356 000 meme in Supertam 110,000 Labdes (874,000 345,000 Capital stock (25,000) Remedies,bruary 1 200 Dividende 2000 sales revenue 1.500.000 Equity link of Superb 1500 Equity in other comprehensive loss of Superbam 2850 Lost of goods sold 1,000,000 400,000 48 50 Exchange rates February 1, 2019 SUAS Avalor Intal 2000 AS January 31, 2000 Goodwill arising from the acquisition of Superbarn was impaired by A$5 million in fiscal 2020. a Prepare a working paper to consolidate the trial balances of Pathway and Superbam for fiscal 2020. 1. Translate Superbam's January 31, 2020 trial balance. Use negative signs with Cr (credit balance) answers. Trial Balance AS $ tin thousands 5/A$ Drcrj Cash and recetables AS SMO Inventories Properly and equipment, ne 30.000 3540000 145,000 Cacak 1100000 Retained earnings, February 1 20 Sales revenu C Cost of goods sold 400.000 Operating expenses 85.000 Tramdarian gain an (below