Could use help with parts a, b and c please!

Sendelbach Corporation is a U.S.-based organization with operations throughout the world. One of its subsidiaries is headquartered in Toronto. Although this wholly owned company operates primarily in Canada, it engages in some transactions through a branch in Mexico. Therefore, the subsidiary maintains a ledger denominated in Mexican pesos (Ps) and a general ledger in Canadian dollars (C$). As of December 31, 2017, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Credit C$ 13,860 29,000 52,000 Main Operation-Canada Debit Accounts payable Accumulated depreciation Buildings and equipment C$169,000 Cash 28,000 Common stock Cost of goods sold 205,000 Depreciation expense 7,100 Dividends, 4/1/17 21,000 Gain on sale of equipment, 6/1/17 Inventory 81,000 Notes payable-due in 2020 Receivables 70,000 Retained earnings, 1/1/17 Salary expense 25,000 Sales Utility expense 9,200 Branch operation 7,350 Totals C$622,650 5,200 71,000 137,590 314,000 C$622,650 Credit Ps 54,200 19,200 Branch Operation-Mexico Debit Accounts payable Accumulated depreciation Building and equipment Ps 42,000 Cash 60,000 Depreciation expense 2,200 Inventory (beginning-income 25,000 statement) Inventory (ending-income statement) Inventory (ending-balance sheet) 29,000 Purchases 70,000 Receivables 23,000 Salary expense 9,200 Sales Main office Totals Ps260,400 29,000 126,000 32,000 Ps 260,400 Additional Information The Canadian subsidiary's functional currency is the Canadian dollar, and Sendelbach's reporting currency is the U.S. dollar. The Canadian and Mexican operations are not viewed as separate accounting entities. . The building and equipment used in the Mexican operation were acquired in 2007 when the currency exchange rate was C$0.23 = Ps 1. . Purchases of inventory were made evenly throughout the fiscal year. Beginning inventory was acquired evenly throughout 2016; ending inventory was acquired evenly throughout 2017. The Main Office account on the Mexican records should be considered an equity account. This balance was remeasured into C$7,350 on December 31, 2017. . Currency exchange rates for 1 Ps applicable to the Mexican operation follow: Weighted average, 2016 January 1, 2017 Weighted average rate for 2017 December 31, 2017 C$0.28 0.30 0.32 0.33 The December 31, 2016. consolidated balance sheet reported a cumulative translation adjustment with a $38.950 credit (positive) balance. . The subsidiary's common stock was issued in 2004 when the exchange rate was $0.47 = C$1. . The subsidiary's December 31, 2016, retained earnings balance was C$137,590, an amount that has been translated into U.S.$69,323. . The applicable currency exchange rates for 1 C$ for translation purposes are as follows: January 1, 2017 April 1, 2017 June 1, 2017 Weighted average rate for 2017 December 31, 2017 US$ 0.70 0.69 0.68 0.67 0.65 4. Remeasure the Mexican operation's account balances into Canadian dollars. (Note: Back into the beginning net monetary asset or liability position.) b. Prepare financial statements (income statement, statement of retained earnings, and balance sheet) for the Canadian subsidiary in its functional currency. Canadian dollars. c. Translate the Canadian dollar functional currency financial statements into U.S. dollars so that Sendelbach can prepare consolidated financial statements. Req A Reg B and C Remeasure the Mexican operation's account balances into Canadian dollars. (Note: Back into the beginning net monetary asset or liability position.) (Input all amounts as positive values.) Canadian Dollars Debit Credit Accounts payable Accumulated depreciation Building and equipment Cash Depreciation expense Inventory (beginning-income statement) Inventory (endingincome statement) Inventory (ending-balance sheet) Purchases Receivables Salary expense Sales Main office Total Req A Reg Band C b. Prepare financial statements (income statement, statement of retained earnings, and balance sheet) for the Canadian subsidiary in its functional currency, Canadian dollars. c. Translate the Canadian dollar functional currency financial statements into U.S. dollars so that Sendelbach can prepare consolidated financial statements. (Round U.S. Dollar values to 2 decimal places. Amounts to be deducted and losses should be indicated with a minus sign.) Show less SENDELBACH CORPORATION Financial Statements For the Year Ended December 31, 2017 Canadian Dollar Income Statement U.S. Dollar csos C$ 0 $ 0.00 Statement of Retained Earnings: Retained earnings. 1/1/15 Retained earnings. 12/31/15 IS 0.00 Balance Sheet: Assets: c$ 0 $ 0.00 Total Liabilities and Equities: Total C$ 0 $ 0.00 Sendelbach Corporation is a U.S.-based organization with operations throughout the world. One of its subsidiaries is headquartered in Toronto. Although this wholly owned company operates primarily in Canada, it engages in some transactions through a branch in Mexico. Therefore, the subsidiary maintains a ledger denominated in Mexican pesos (Ps) and a general ledger in Canadian dollars (C$). As of December 31, 2017, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Credit C$ 13,860 29,000 52,000 Main Operation-Canada Debit Accounts payable Accumulated depreciation Buildings and equipment C$169,000 Cash 28,000 Common stock Cost of goods sold 205,000 Depreciation expense 7,100 Dividends, 4/1/17 21,000 Gain on sale of equipment, 6/1/17 Inventory 81,000 Notes payable-due in 2020 Receivables 70,000 Retained earnings, 1/1/17 Salary expense 25,000 Sales Utility expense 9,200 Branch operation 7,350 Totals C$622,650 5,200 71,000 137,590 314,000 C$622,650 Credit Ps 54,200 19,200 Branch Operation-Mexico Debit Accounts payable Accumulated depreciation Building and equipment Ps 42,000 Cash 60,000 Depreciation expense 2,200 Inventory (beginning-income 25,000 statement) Inventory (ending-income statement) Inventory (ending-balance sheet) 29,000 Purchases 70,000 Receivables 23,000 Salary expense 9,200 Sales Main office Totals Ps260,400 29,000 126,000 32,000 Ps 260,400 Additional Information The Canadian subsidiary's functional currency is the Canadian dollar, and Sendelbach's reporting currency is the U.S. dollar. The Canadian and Mexican operations are not viewed as separate accounting entities. . The building and equipment used in the Mexican operation were acquired in 2007 when the currency exchange rate was C$0.23 = Ps 1. . Purchases of inventory were made evenly throughout the fiscal year. Beginning inventory was acquired evenly throughout 2016; ending inventory was acquired evenly throughout 2017. The Main Office account on the Mexican records should be considered an equity account. This balance was remeasured into C$7,350 on December 31, 2017. . Currency exchange rates for 1 Ps applicable to the Mexican operation follow: Weighted average, 2016 January 1, 2017 Weighted average rate for 2017 December 31, 2017 C$0.28 0.30 0.32 0.33 The December 31, 2016. consolidated balance sheet reported a cumulative translation adjustment with a $38.950 credit (positive) balance. . The subsidiary's common stock was issued in 2004 when the exchange rate was $0.47 = C$1. . The subsidiary's December 31, 2016, retained earnings balance was C$137,590, an amount that has been translated into U.S.$69,323. . The applicable currency exchange rates for 1 C$ for translation purposes are as follows: January 1, 2017 April 1, 2017 June 1, 2017 Weighted average rate for 2017 December 31, 2017 US$ 0.70 0.69 0.68 0.67 0.65 4. Remeasure the Mexican operation's account balances into Canadian dollars. (Note: Back into the beginning net monetary asset or liability position.) b. Prepare financial statements (income statement, statement of retained earnings, and balance sheet) for the Canadian subsidiary in its functional currency. Canadian dollars. c. Translate the Canadian dollar functional currency financial statements into U.S. dollars so that Sendelbach can prepare consolidated financial statements. Req A Reg B and C Remeasure the Mexican operation's account balances into Canadian dollars. (Note: Back into the beginning net monetary asset or liability position.) (Input all amounts as positive values.) Canadian Dollars Debit Credit Accounts payable Accumulated depreciation Building and equipment Cash Depreciation expense Inventory (beginning-income statement) Inventory (endingincome statement) Inventory (ending-balance sheet) Purchases Receivables Salary expense Sales Main office Total Req A Reg Band C b. Prepare financial statements (income statement, statement of retained earnings, and balance sheet) for the Canadian subsidiary in its functional currency, Canadian dollars. c. Translate the Canadian dollar functional currency financial statements into U.S. dollars so that Sendelbach can prepare consolidated financial statements. (Round U.S. Dollar values to 2 decimal places. Amounts to be deducted and losses should be indicated with a minus sign.) Show less SENDELBACH CORPORATION Financial Statements For the Year Ended December 31, 2017 Canadian Dollar Income Statement U.S. Dollar csos C$ 0 $ 0.00 Statement of Retained Earnings: Retained earnings. 1/1/15 Retained earnings. 12/31/15 IS 0.00 Balance Sheet: Assets: c$ 0 $ 0.00 Total Liabilities and Equities: Total C$ 0 $ 0.00