IR Capitana Corporation, whose reporting currency is the franc ( Feates a day whe n currency the escudo (El On January 1 Year L. Carme contributes Cash of ES.000 to the s idiary in exchange for Common Stock and the dary purchases Land for ES000 acting anyar Ne P o 15.00 On February L Year the sidiary purchases E 4 .00 Sale Salary Expand Other Operating Expenses are incredeney throughout Year L The Shiday declares Dividends of Ex.000 on December L Year L. Relevant exchange rates for Year are as follows franc per escudo FL1 Weighted average 86 December 64 December 31 .62 On December 31 Year 1, the subsidiary reports the following trial balance (in escudos Debit Credits 3,000 Cash Accounts receivable Equipment Accumulated depreciation 1,000 Land 15,000 Accounts payable DO Note payable 15.000 Common stock 5.000 Dividends (declared 12/1/Y1) 8,000 Sales 25,000 Salary expense 5,000 1.000 Depreciation expense Other operating penes 9.000 Total Regie Assume that the foreign susidary's functional currency is the code Prepare a tra Year co ated financial statements can be prepared show the calculation of th n ce for it in franc e that mentor Year Lone e 192 Assume that the fin so that are dian's functional currency is the frame . Prepare a tra nce ori in francs dedicatament can be prepared. Show the calculation of measurement