How to get b?

Translation of financial statements Assume that your company owns a subsidiary operating in Canada. The subsidiary maintains its books in the Canadian Dollar (CAD) as its functional currency. Following are the subsidiary's financia statements (in CAD) for the most recent year: The relevant exchange rates (\$:CAD) are as follows: For both parts a. and b. below, use a negative sign with answers to indicate a reduction. a. Translate the subsidiary's income statement, statement of retained earnings, balance sheet, and statement of cash flows into $ US (assume that the BOY Retained Earnings is $553,612 ). Round all answers in the "in US Dollars" column to the nearest dollar. b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $(37,237). Round all answers to the nearest dollar. Translation of financial statements Assume that your company owns a subsidiary operating in Canada. The subsidiary maintains its books in the Canadian Dollar (CAD) as its functional currency. Following are the subsidiary's financia statements (in CAD) for the most recent year: The relevant exchange rates (\$:CAD) are as follows: For both parts a. and b. below, use a negative sign with answers to indicate a reduction. a. Translate the subsidiary's income statement, statement of retained earnings, balance sheet, and statement of cash flows into $ US (assume that the BOY Retained Earnings is $553,612 ). Round all answers in the "in US Dollars" column to the nearest dollar. b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $(37,237). Round all answers to the nearest dollar