fransiation of financial statements ( 2 years) Assume that your company owns a subsidiary operating in Australia. The subsidiary maintains its books in the Australian Dollar (AUD) as its functional currency. The subsidiary's financial statements (in AUD) for the prior and most recent years follow in part a, below: The relevant exchange rates for the sUS value of the Australian Dollar (AUD) are as follows: a. Translate the subsidiary's income statement, statement of retained earnings, balance sheet, and statement of cash flows into sus for both years (assume that the BoY Retained Earnings is $803,250 at the beginning of the prior year). Round translated answers to the nearest whole number. Use negative signs with answers that are reductions (COGS, expenses, dividends, cash outflows, losses, etc.). Note: Use negative signs with answers, when appropriate. fransiation of financial statements ( 2 years) Assume that your company owns a subsidiary operating in Australia. The subsidiary maintains its books in the Australian Dollar (AUD) as its functional currency. The subsidiary's financial statements (in AUD) for the prior and most recent years follow in part a, below: The relevant exchange rates for the sUS value of the Australian Dollar (AUD) are as follows: a. Translate the subsidiary's income statement, statement of retained earnings, balance sheet, and statement of cash flows into sus for both years (assume that the BoY Retained Earnings is $803,250 at the beginning of the prior year). Round translated answers to the nearest whole number. Use negative signs with answers that are reductions (COGS, expenses, dividends, cash outflows, losses, etc.). Note: Use negative signs with answers, when appropriate