i would like the answer not to be hand written

7 On January 1, 20X1, Kiner Company formed a foreign subsidiary that issued all of its currently outstanding common stock on that date. Selected accounts from the balance sheets, all of which are shown in local currency units, are as follows: 12.5 points December 31 20x2 20x1 eBook LCU 37,000 74,000 LCU 32,000 69,000 Print Accounts Receivable (net of allowance for uncollectible accounts of 1,700 LCU on December 31, 20x2, and 1,500 LCU on December 31, 20x1) Inventories, at cost Property, plant and Equipment (net of allowance for accumulated depreciation of 39,000 LCU on December 31, 20x2, and 16,000 LCU on December 31, 20x1) Long-Term Debt Common Stock, authorized 19,000 shares, par value 10 LcU per share; issued and outstanding, 9,500 shares on December 31, 20x2, and December 31, 20x1 References 187,700 90,000 174,000 110,000 95,000 95,000 Additional Information: 1. Exchange rates are as follows: January 1, 20X1-July 31, 20x1 August 1, 20x1-October 31, 20x1 November 1, 20X1-June 30, 20X2 July 1, 20X2-December 31, 20x2 Average monthly rate for 20X1 Average monthly rate for 20x2 LCU $ 2.0 - 1 1.8 = 1 1.7 = 1 1.5 - 1 1.9 = 1 1.6 = 1 2. An analysis of the accounts receivable balance is as follows: 20x2 20x1 LCU 33,500 Accounts Receivable: Balance at beginning of year Sales (44,000 LCU per month in 20x2 and 39,000 LCU per month in 20x1) Collections Write-offs (May 20x2 and December 20X1) Balance at end of year 528,000 (519,600) (3,200) LCU 38,700 LCU 468,000 (433,000) (1,500) LCU 33,500 20X2 20x1 Allowance for Uncollectible Accounts: Balance at beginning of year Provision for uncollectible accounts Write-offs (May 20x2 and December 20X1) Balance at end of year LCU 1,500 3,400 (3,200) LCU 1,700 LCU 3,000 (1,500) LCU 1,500 3. An analysis of inventories, for which the first-in, first-out inventory method is used, follows: 20x1 Inventory at beginning of year Purchases (June 20x2 and June 20x1) Goods available for sale Inventory at end of year Cost of goods sold 20X2 LCU 69,000 355,000 LCU424,000 (74,000) LCU350,000 LCU395,000 LCU395,000 (69,000) LCU326,000 4. On January 1, 20X1, Kiner's foreign subsidiary purchased land for 30,000 LCU and plant and equipment for 160,000 LCU. On July 4, 20X2, additional equipment was purchased for 33,000 LCU. Plant and equipment is being depreciated on a straight-line basis over a 10-year period with no residual value. A full year's depreciation is taken in the year of purchase. 5. On January 15, 20X1, 7 percent bonds with a face value of 110,000 LCU were issued. These bonds mature on January 15, 20X7, and the interest is paid semiannually on July 15 and January 15. The first interest payment was made on July 15, 20X1. Required: Prepare a schedule translating the selected accounts into U.S. dollars as of December 31, 20X1, and December 31, 20X2, respectively, assuming that the local currency unit is the foreign subsidiary's functional currency. (Round your dollar amounts to nearest whole dollar.) KINER COMPANY'S FOREIGN SUBSIDIARY Translation of Selected Captions into United States Dollars December 31, 20X2, and December 31, 20X1 Balance Indirect Translated into in LCUs Exchange Rate U.S. Dollars December 31, 20X1: Accounts receivable (net) 32,000 (1.7 LCU = $1 Inventories, at cost 69,000 Property, plant and equipment (net) 174,000 Long-term debt 110,000 Common stock 95,000 December 31, 20X2: 1.5 LCU = 37,000 $1 Accounts receivable (net) Inventories, at cost 74,000 1.7 LCU = $1 187,700 2.0 LCU = $1 Property, plant and equipment (net) Long-term debt 90,000 Common stock 95,000