Debits Cash W20.0 00 Accounts receivable 150,000 Inventories 600,0OO Buildings 800,100 IEquipment 750,000 Cost of sales 300,000 Deprecation expense 50.0 00 Operating expense 40.000 Dividend 50.000 W2760.000 Credits Accounts payable WIOO OOO Accumulated depreciation building 260,000 Accumulated depreciation equipment 200,00 0 Common stock 1.500,000 Retained earnings January I 200 000 Sales 500 000 W27601000 On January 1, 2016, PT Ratu of Indonesia acquired an 80 percent interest in Oppa for 60bn Indonesian rupiahs, when the book value of Oppa's net assets equaled fair value, and any excess was allocated to a patent with a 10-year amortization. Oppa's functional currency is the Korean won. Relevant exchange rates are as follows: Spol rale January 1, 2016 Rpl 10.0 Current exchange rate December 31, 2016 Rp120.0 Average exchange rate for 2016 Rpl10.5 Dividend exchange rate Rp100.50