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Need the answers with the numbers thanks! Sullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2020, by investing capital

Need the answers with the numbers thanks!

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Sullivan's Island Company began operating a subsidiary in a foreign country on January 1, 2020, by investing capital in the amount of 104,000 pounds. The subsidiary immediately borrowed 250,000 pounds on a veyear note with 8 percent interest payable annually beginning on January 1, 2021. The subsidiary then purchased for 354,000 pounds a building that had a 10-year expected life and no salvage value and is to be depreciated using the straightline method. Also on January 1, 2020, the subsidiary rented the building for three years to a group of local attorneys for 9,100 pounds per month. By year-end, rent payments totaling 91,000 pounds had been received, and 18,200 pounds was in accounts receivable. On October 1, 2020, 4,600 pounds was paid for a repair made to the building. The subsidiary transferred a cash dividend of 11,450 pounds back to Sullivan's Island Company on December 31, 2020. The functional currency for the subsidiary is the pound. Currency exchange rates for 1 pound follow: January 1, 262-8 5 2.10 = 1 Pound October 1, 2626 2.15 = 1 December 3'1, 2620 2.18 = 1 Average for 2820 2.14- = 1 [ Prepare an income statement, statement of retained earnings, and balance sheet for this subsidiary in pounds and then translate these amounts into U.S. dollars. Complete this question by entering your answers in the labs below. Retained Earnings IBalanceSheet Prepare a Statement of Retained earnings. (Amounts to be deducted should be indicated by a minus sign.) Retained eamlngs 15331 Retained eamings, 1I1

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