help for international finance..show solutio

Use the following data to answer the next 3 questions: You must show all your work to secure full credit. KAS Corp. is a U.S. company with a Japanese subsidiary. This subsidiary began operations on 1 January 20X0, when its equity was funded and assets were purchased. Inventory is accounted for using the LIFO method and was purchased monthly, as needed, throughout the year to maintain the original account balance purchased on January 1. KAS pays no dividends. Exchange Rate Data: per S: 31 December 20X0 100 (or 01 $ per y) 1 January 20X0 125 Weighted Average Exchange Rate 20x0 111 Sales SUBSIDIARY FINANCIAL STATEMENTS Balance Sheet Income Statement 12/31/20X0 12/31/20X0 Cash 180,000 500,000 AR 70,000 Costs of Goods 200,000 Inventory 50,000 Depreciation - 20,000 Net Fixed Assets 450.000 EBIT 280,000 Total Assets 750.000 Interest 30,000 Accounts Payable 100,000 Pretax Income 250,000 Long-term Debt 390,000 Taxes 100,000 Contributed Capital 110,000 Net Income 150,000 Retained Earnings 150.000 Total Liabilities and Equity 750.000 Note. The company has a net asset position of 260,000 yen. Assuming that the subsidiary is relatively self-contained, operates primarily in local markets, and the local currency is determined to be the functional currency, construct the KAS consolidated financial statements using the current rate method. Show all your work. 2. How would your results differ if we had used the temporal method instead of the current method in regards to currency gains or loses. Show all your work. Use the following data to answer the next 3 questions: You must show all your work to secure full credit. KAS Corp. is a U.S. company with a Japanese subsidiary. This subsidiary began operations on 1 January 20X0, when its equity was funded and assets were purchased. Inventory is accounted for using the LIFO method and was purchased monthly, as needed, throughout the year to maintain the original account balance purchased on January 1. KAS pays no dividends. Exchange Rate Data: per S: 31 December 20X0 100 (or 01 $ per y) 1 January 20X0 125 Weighted Average Exchange Rate 20x0 111 Sales SUBSIDIARY FINANCIAL STATEMENTS Balance Sheet Income Statement 12/31/20X0 12/31/20X0 Cash 180,000 500,000 AR 70,000 Costs of Goods 200,000 Inventory 50,000 Depreciation - 20,000 Net Fixed Assets 450.000 EBIT 280,000 Total Assets 750.000 Interest 30,000 Accounts Payable 100,000 Pretax Income 250,000 Long-term Debt 390,000 Taxes 100,000 Contributed Capital 110,000 Net Income 150,000 Retained Earnings 150.000 Total Liabilities and Equity 750.000 Note. The company has a net asset position of 260,000 yen. Assuming that the subsidiary is relatively self-contained, operates primarily in local markets, and the local currency is determined to be the functional currency, construct the KAS consolidated financial statements using the current rate method. Show all your work. 2. How would your results differ if we had used the temporal method instead of the current method in regards to currency gains or loses. Show all your work