Exercise 1210 (Algo) Remeasurement with Strengthening U.S. Dollar LO 12-6, 12-7 On January 1,20X1, Popular Creek Corporation onganized SunTime Company as a subsidiary in Switrerland with an initial investment cost of Swiss francs (SFr) 68,000. SunTime's December 31, 20X1, trisl balance in SFr is as follows: Additional Information 1. The recelvable from Popular Creek is denominoted in Swiss francs. its books show a $33723 paysble to Surtime. 2. Purchases of inventory goods are mode evenly dung the yeac. Items in the ending inventory were purchased November 1. 3. Equipment is depreciated by the straight line method with a 10 -year lise and no residual valise. A full year's depreciation is taken in the year of acquisition. The equipment was acquired on March 1 . 4. The dividends were declared and paid on Navember 1 . 5 Exchange rates were as follows 6. The U.S. dobar is the functional curency. Required: a. Prepare a schedule iemeasuring the December 3t, 20xt, rnal belance from Swis feancs to dollan Note: it no adfiustment is needed, select No entry necessary