Fill chart A & B

Kingsfield establishes a subsidiary operation in a foreign country on January 1, 2017. The country's currency is the kumquat (KQ). To start this business, Kingsfield invests 10.000 kumquats. Of this amount, it spends 3,000 kumquats immediately to acquire equipment Later, on April 1, 2017, it also purchases land. All subsidiary operational activities occur at an even rate throughout the year. The U.S. dollar ($) exchange rates for the kumquat for 2017 follows January $1.71 April 1 1.59 June 1 1. 66 Weighted average 1.64 December 31 As of December 31, 2017, the subsidiary reports the following trial balance: Debits 8. 308 Accounts receivable 9. 306 Equipment Accumulated depreciation Land Accounts payable Notes payable (due 2025) 3.308 Common stock 5. 806 Dividends declared (6/1/17) Sales Salary expense 25 308 5.908 Depreciation expense GOP Miscellaneous expenses Totals KO 43, 608 KO 45, 608 A corporation based in East Lansing. Michigan, Kingsfield uses the U.S. dollar as its reporting currency. a. Assume that the subsidiary's functional currency is the kumquat. Prepare a trial balance for it in U.S. dollars so that 2017 consolidated financial statements can be prepared b. Assume that the subsidiary's functional currency is the U.S. dollar Prepare a t Fit in U.S. dollars so that 2017 consolidated financial statements can be prepared. Complete this question by e Required A alidated