Cr. Modern Earth Company, a US Multinational enterprise has branches in Jupiter and Mar. Both branches use their own local currency unit (LCU-J) and (LCU-M), respectively. Home office sent cash and merchandise (billed at cost) to both branches. Jupiter Branch made no additional purchase of merchandise but Mars Branch made additional purchase of merchandise from outsiders. Periodic inventory system is used for all accounting records. The trial balance of Jupiter Branch and Mar Branch on December 31, Year XX in their own local currency units are shown as follows:- Jupiter Branch Mar Branch LCU-J LCU-M Dr. Cr. Dr. Cash 1,500 3,000 Accounts Receivable 1,200 2,400 Merchandise Inventory, January 1 1,000 3,000 Furniture and Fixture 8,000 15,000 Allowance for Depreciation 2,000 3,000 Accounts Payable 1,700 2.500 Home Office 7,800 20,800 Remittance to Home Office 700 1,100 Remittance from Home Office 900 1.700 Sales 20,000 41,000 Sales return & allowances 1,000 2,100 Purchases 14,000 Purchase return & allowances 1.000 Merchandise shipment from Home Office 14,000 20,000 Administration Expense (Total) 2,000 3,000 Selling Expense (Total) 2,000 4,900 Depreciation Expense for Branch* 1,000 1,500 Total 32,400 32.400 70,000 70,000 Merchandise Inventory, December 31 2,000 4,000 Depreciation is recorded as a separate expense item to facilitate conversion of this item in terms of asset cost. Additional information are as follows:- 1) the merchandise inventories for the two branches comprise of the following :- Jupiter Branch. LCU-J Mar Branch LCU-M January 1 December 31 January 1 December 31 Year xx Year xx Year xx Year Xx Merchandise acquired from Home Office 1,000 2,000 2,000 1,000 Merchandise acquired from outsiders 1,000 3,000 2) From previous year translation records, the following were extracted. For Jupiter Branch Last year Ending Inventory (Merchandise acquired from Home Office) LCU-J 1,000 = $ 2,600 For Mars Branch Last year Ending Inventory (Merchandise acquired from Home Office) LCU-M 2,000 - $5,400 Last year Ending Inventory (Merchandise acquired from outsiders) LCU-M 1,000 = $3,000 3) Exchange Rates :- Jupiter Branch Jan 1 Year XX 1 LCU-J-2.75 Dec. 31 Year XX I LCU-J -2.9 $ Rate on date of purchase of furniture 1 LCU-J-2.5$ Rate on date of acquisition of merchandise from Home 1 LCU-J= 2.6 $ Office Mars Branch 1 LCU-M-35 I LCU-M-3.2 S 1 LCU-M = 2.8 1 LCU-M = 3.1 $ The following figures are extracted from the trial balances of Home Office, the Modern Earth Company in US on December 31, Year XX, Cash Account Receivable Merchandise Inventory, Jan. 1 (Home Office) Building Allowance for depreciation (Building) Furniture & Fixtures Allowance for depreciation (Furniture) Accounts Payable Capital Stock (Jan. 1, Year XX) Earned surplus (Jan. 1, Year XX) Merchandise shipment to Jupiter Branch Merchandise shipment to Mars Branch Remittances to Jupiter Branch Remittances to Mars Branch Remittances from Jupiter Branch Remittance from mars Branch Jupiter Branch Mars Branch $ 5,100 4,800 4,400 58,000 (5,000) 30,000 (4,000) (4,700) (120,000) (7,000) (36,400) (62.000) 2,295 5,287 (1,785) (3,432) 20,670 67,184 Required: a) Translate the trial balance of Jupiter Branch into $value. b) Translate the trial balance of Mar Branch into S value. c) If the Modern Earth Company's ending balance of inventory is $10,000 and net profit for the year xx is $ 57,419, what will be the total figures of combined balance sheet on December 31, Year xx