I am needing help with the Net Income for the year and Rates at end of year. The answers with red "X" are incorrect and needing assistance with, Thank you!

On January 1, 20X1. Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial Investment cost of Swiss francs (SFO) 75.000. SunTime's December 31, 20X1. trial balance in SFr is as follows: Debit Credit Cash SFr 7.400 Accounts Receivable (net) 20,500 Receivable from Popular Creek 5,800 Inventory 27,600 Plant & Equipment 1es,eee Accumulated Depreciation SFr 12, eee Accounts Payable 13,100 Bonds Payable 50,5ee Connon Stock 75,000 Sales 145, see Cost of Goods Sold 71,600 Depreciation Expense 12,600 Operating Expense 31,5ee Dividends Paid 16, 2ee Total SFr 296,400 SFr 296,400 Additional Information 1. The recelvable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $4.800 payable to SunTime. 2. Purchases of Inventory goods are made evenly during the year. Items in the ending Inventory were purchased November 1. 3. Equipment is depreciated by the straight-line method with a 10-year life and no residual value. A full year's depreciation is taken in the year of acquisition. The equipment was acquired on March 1. 4. The dividends were declared and paid on November 1. 5. Exchange rates were as follows: January 1 March 1 November 1 December 31 zexi average SFr $ 1=0.73 1 =2.74 1=0.77 1=0.80 1=0.75 6. The Swiss franc Is the functional currency. Required: a. Prepare a proof of the translation adjustment. Answer is complete but not entirely correct. POPULAR CREEK CORPORATION AND SUBSIDIARY Proof of Translation Adjustment Year Ended December 31, 20X1 U.S Dollars Net assets at beginning of year $ 54,750 Adjustment for changes in net asset position during year: Net income for year 22,875 Dividends paid (12.474) Net assets translated at: Rates during year 65,151 Rates at end of year 72,240 Change in other comprehensive income translation adjustment during year net 7,089 increase Accumulated other comprehensive income translation adjustment January 1 0 Change in other comprehensive income translation adjustment December 31 $ 7.080