Current Attempt in Progress Marigold Corporation purchased 90% of the common stock of Sandhill Company on January 1,2018. The cost of the investment was equal to the book value interest acquired. Sandhill Company operates two retail stores and an exporting business in London that specializes in buying and selling British tweeds. The subsidiary provided the following financial statements in pounds to the parent company: Balance Sheet Capital Stock Cash and Receivables Cumulative Translation Adjustment Current Liabilities Long-Term Notes Payable Merchandise Inventory Property. Plant, and Equipment Retained Earnings Total The January 1,2024 , retained earnings balance of Sandhill in dollars was $1,531,442, and the cumulative translation adjustment was a debit balance of $944,552. The beginning inventory of 413,000 was acquired during the last quarter of 2023 and the ending inventory was acquired during the last five months of 2024. Sales were made and purchases and other expenses were incurred evenly during the year. Translate the December 31,2024, account balances of Sandhill Company into dollars assuming that the pound is the functional currency of Sandhill Company. (Round answers to 0 decimal places, e.g. 5,125. Enter loss and debit cumulative translation adjustment using either a negative sign preceding the number e.g. 2,945 or parentheses e.g. (2,945).) Sandhill Company was incorporated on January 1,2016, at which time all the property, plant, and equipment was purchased. The longterm notes were issued to partially finance the purchase of the fixed assets. Direct exchange rates for the British pound are as follows: Current Attempt in Progress Marigold Corporation purchased 90% of the common stock of Sandhill Company on January 1,2018. The cost of the investment was equal to the book value interest acquired. Sandhill Company operates two retail stores and an exporting business in London that specializes in buying and selling British tweeds. The subsidiary provided the following financial statements in pounds to the parent company: Balance Sheet Capital Stock Cash and Receivables Cumulative Translation Adjustment Current Liabilities Long-Term Notes Payable Merchandise Inventory Property. Plant, and Equipment Retained Earnings Total The January 1,2024 , retained earnings balance of Sandhill in dollars was $1,531,442, and the cumulative translation adjustment was a debit balance of $944,552. The beginning inventory of 413,000 was acquired during the last quarter of 2023 and the ending inventory was acquired during the last five months of 2024. Sales were made and purchases and other expenses were incurred evenly during the year. Translate the December 31,2024, account balances of Sandhill Company into dollars assuming that the pound is the functional currency of Sandhill Company. (Round answers to 0 decimal places, e.g. 5,125. Enter loss and debit cumulative translation adjustment using either a negative sign preceding the number e.g. 2,945 or parentheses e.g. (2,945).) Sandhill Company was incorporated on January 1,2016, at which time all the property, plant, and equipment was purchased. The longterm notes were issued to partially finance the purchase of the fixed assets. Direct exchange rates for the British pound are as follows