Need the work as well.

Thanks

Packstone Inc owns a subsidiary in England. The subsidiary's functional currency is the pound. The subsidiary began 2017 with pound 500,000 in cash and no other assets or liabilities On March 2017, the subsidiary used pound 100,000 to purchase equipment. On April 20,2017, the subsidiary used cash to purchase inventory costing pound 80,000. The inventory was sold on Many 16,2017, for pound 120,000 in cash. On November 1, 2017, the subsidiary paid a cash dividend to Packstone of pound 60,000 recorded depreciation on the equipment for the year of pound 50,000. The appropriate exchange rates were as follows: What is the translation adjustment at December 31,2017 to be reported in the stockholders' equity section of the consolidated balance sheet A. $ B. $200 debit C. $200 credit D.middot $2,000 debit E. $1,950 credit