Need #1-3

On January 1, 20X1, Popular creek Corporation organized RoadTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 60,000. RoadTimes's December 31, 20X1, trial balance in SFr is as follows: The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $4,000 payable to Road Time. Purchases of inventory goods are made evenly during the year. Items in the ending inventory were purchased November 1. Equipment is depreciated by the straight-line method with a 10-year life and no residual A full year's depreciation is taken in the year of acquisition. The equipment was acquired on March 1