Costsave Corporation, a U$.$S$.$ company, acquired Denner, a discount supermarket chain in Switzerland, on January $1,2017.$ Denner is a subsidiary of Costsave, and its results are consolidated with those of Costsave in Costsave's financial statements. Denner's trial balances for January $1$ and December $31,2017,$ in Swiss francs $($CHF$)$ appear below.

Dr$($Cr$)$

$($in thousands$)$ December $31$ January $1$

Cash and receivables CHF$55,000$ CHF$40,000$

Inventories $55,00070,000$

Plants and equipment, net $165,000140,000$

Accounts and notes payable $(120,000)(125,000)$

Common stock $(45,000)(45,000)$

Retained earnings, January $1(80,000)(80,000)$

Dividends $20,000--$

Sales $(500,000)--$

Cost of sales $375,000--$

Operating expenses $75,000--$

Totals CHF $0$ CHF $0$

Additional Information: $($in thousands$)$

Included in operating expenses is depreciation expense of CHF$5,000.$

Plant and equipment of CHF$30,000$ was purchased for cash during $2017,$ when the exchange rate was $$1\mathrm{.}04.$ Depreciation of CHF$2,000$ was taken on this purchase during $2017.$

The ending inventory was purchased during the month of December.

Revenues, purchases, and operating expenses other than depreciation occurred evenly during the year.

Dividends were declared on December $31,2017.$

Exchange rates for $2017$ were as follows $($$$/$CHF$)$:

January $1,2017$ $$1\mathrm{.}03$

Average for $20171\mathrm{.}06$

Average for December, $20171\mathrm{.}08$

December $31,20171\mathrm{.}09$

It is now December $31,2017,$ and Denner's accounts must be converted to U$.$S$.$ dollars in preparation for consolidation.

$($a$)$ Denner's functional currency is the U$.$S$.$ dollar. Prepare Denner's remeasured December $31,2017$ trial balance, and a schedule showing the computation of the remeasurement gain or loss for $2017.$

Use negative signs with your Cr $($credit balance$)$ answers.

Enter answers in thousands.

Remeasured Trial Balance, December $312017$

CHF

Dr$($Cr$)$

$$/$CHF $

Dr$($Cr$)$

Cash, receivables CHF$55,000$ Answer

Answer

Inventories $55,000$ Answer

Answer

Plant and equipment, net $165,000(1)$ below Answer

Accounts and notes payable $(120,000)$ Answer

Answer

Common stock $(45,000)$ Answer

Answer

Retained earnings, beginning $(80,000)$ Answer

Answer

Dividends $20,000$ Answer

Answer

Sales $(500,000)$ Answer

Answer

Cost of sales $375,000(2)$ below Answer

Operating expenses $75,000(3)$ below Answer

Remeasurement $($gain$)$ or loss $--(4)$ below Answer

CHF $0$ Answer

Do not use negative signs with any of your answers below.

$(1)$ Plant and equipment, net $($in thousands$)$

CHF $$/$CHF $

Plant and equipment, net: purchased prior to $2017$ Answer

Answer

Answer

Plant and equipment, net: purchased during $2017$ Answer

Answer

Answer

Answer

Answer

Do not use negative signs with any of your answers below.

$(2)$ Cost of Sales $($in thousands$)$

CHF $$/$CHF $

Beginning inventory Answer

Answer

Answer

Purchases Answer

Answer

Answer

Ending inventory Answer

Answer

Answer

Cost of sales Answer

Answer

Do not use negative signs with any of your answers below.

$(3)$ Operating expenses $($in thousands$)$

CHF $$/$CHF $

Depreciation $($for P&E purchased prior to $2017)$ Answer

Answer

Answer

Depreciation $($for P&E purchased in $2017)$ Answer

Answer

Answer

Other operating expenses Answer

Answer

Answer

Total Answer

Answer

Instructions for Remeasurement Gain$/$Loss Schedule:

Use negative signs with answers to indicate a negative exposed position balance.

Use negative signs with answers to indicate an amount that reduces the exposed position balance.

Using the drop$-$down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss.

Do not use a negative sign with your remeasurement gain or remeasurement loss answer.

$(4)$ Remeasurement Gain$/$Loss Schedule $($in thousands$)$

CHF $$/$CHF $

Exposed position, beginning Answer

Answer

Answer

Sales Answer

Answer

Answer

Purchases Answer

Answer

Answer

Cash operating expenses Answer

Answer

Answer

Dividends Answer

Answer

Answer

Plant and equipment acquisition Answer

Answer

Answer

Answer

Exposed position, ending Answer

Answer

Answer

Answer

Answer

$($b$)$ Denner's functional currency is the Swiss franc. Prepare Denner's translated December $31,2017$ trial balance, and a schedule showing the computation of the translation gain or loss for $2017.$

Use negative signs with your Cr $($credit balance$)$ answers.

Enter answers in thousands.

Translated Trial Balance

December $312017$

CHF

Dr$($Cr$)$

$$/$CHF $

Dr$($Cr$)$

Cash, receivables CHF$55,000$ Answer

Answer

Inventories $55,000$ Answer

Answer

Plant and equipment, net $165,000$ Answer

Answer

Accounts and notes payable $(120,000)$ Answer

Answer

Common stock $(45,000)$ Answer

Answer

Retained earnings, beginning $(80,000)$ Answer

Answer

Dividends $20,000$ Answer

Answer

Sales $(500,000)$ Answer

Answer

Cost of sales $375,000$ Answer

Answer

Operating expenses $75,000$ Answer

Answer

Translation loss $($gain$)$ see below Answer

CHF $0$ Answer

Instructions for Translation Gain$/$Loss Schedule:

Use negative signs with answers to indicate a negative exposed position balance.

Use negative signs with answers to indicate an amount that reduces the exposed position balance.

Using t