for 19-23

On January 1, 2020 Chard inc, a US Company, acquired 10ows of the knight compary, locaved in detetiam. Chard paid 30 million e uros 30,000,000 fu), which was equat to Knimhir's boek and fali value On December 31, 2020, Knight submitted the following trial balance for cor The Accountants for Chard have determined the Euro to be the functionai currency. Compute the following accounts at December 31,2020 in US Dollars (\$) 19. Litigation Expense: A. $1,420,000 B. $1,000,000 C. $1,450,000 D. $1,410,000 20. Depreciation Expense: A. $2,900,000 B. $2,740,000 C. $2,820,000 D. $2,800,000 21. Gross Profit: A. $38,070,000 B. $39,150,000 C. $36,990,000 D. $37,800,000 22. Net Income: A. $25,380,000 B. $25,440,000 C. $26,100,000 D. $25,430,000 23. Retained Earnings, December 31, 2020: A. $50,750,000 B. $48,630,000 C. $47,950,000 D. $49,350,000