Google has a foreign subsidiary in Germany with the following transactions in 2023:

Item	Amount (€)
Sales	500,000
Cost of Goods Sold	300,000
Administrative Expenses	50,000
Exchange Rate (1€ = $1.10)

Requirements:

1. Convert the sales amount to USD.
2. Determine the cost of goods sold in USD.
3. Calculate the administrative expenses in USD.
4. Compute the Net Income in USD.
5. Analyze the impact of a 5% depreciation of the Euro on the financial statements.