Exchange Rates January 1, Year 1 January 1-31, Year 1 AverageYear 1 When inventory purchases made When ending inventory acquiredDecember 31, Year 1 $/pound $1.00 $1.00 $0.90 $0.86 $0.83$0.80q1 Retained earnings, \[ 12 / 31 / Y 1 \] Cash Inventory Property, plant, and equipment Less: accumulated depreciation Total assets Current liabilities Long-term debt Contributed capital Retained earning 0 answers