Del Boca Vista, Inc. a real estate developer, owns a subsidiary $($Kramerica Industries,

Inc.$)$ operating in New Zealand. Kramerica uses the New Zealand dollar $($NZD$)$ to prepare

its financial statements. Del Boca Vista has determined that the functional currency of

Kramerica is the US Dollar, and its financial statements must be remeasured prior to

consolidation. The following information $($in NZD$)$ is extracted from Kramerica$$s general

ledger as of December $31,2023$:

Beginning Inventory $$1,117,500$

Purchases $$2,293,500$

Ending Inventory $$1,341,000$

Land $$980,400$

Building $$1,800,000$

Accumulated Depreciation $$ Building $$900,000$

Equipment $$1,200,000$

Accumulated Depreciation $$ Equip. $$600,000$

Depreciation Expense $$ Building $$90,000$

Depreciation Expense $$ Equipment $$120,000$

Relevant Exchange Rates for the USD value of one NZD are as follows:

BOY Rate $$0\mathrm{.}76$

EOY Rate $$0\mathrm{.}93$

Average Rate $$0\mathrm{.}83$

Dividend Rate $$0\mathrm{.}92$

Beginning Inventory $($historical$)$ $$0\mathrm{.}76$

Land $($historical$)$ $$0\mathrm{.}60$

Building $$0\mathrm{.}61$

Equipment $$0\mathrm{.}62$

Common Stock$/$APIC Rate $$0\mathrm{.}48$

Remeasure and calculate Cost of Goods Sold, PP&E Net and Depreciation Expense for

Kramerica in USD for the year ended December $31,2023$