On December 31, Year 1, Precision Manufacturing Inc. (PM) of Edmonton purchased 100% of the outstanding ordinary shares of Sandora Corp of Flint, Michigan. Sandora's comparative-statement of financial position and Year 2 income statement are as follows: - Sandora declared and paid dividends on September 30, Year 2. - The inventories on hand on December 31, Year 2, were purchased when the exchange rate was US\$1 C$1.06. Required: (a) Assume that Sandora's functional currency is the Canadian dollar: (i) Calculate the Year 2 exchange gain (loss) that would result from the translation of Sandora's financial statements: (Input all amounts as positive value. Omit currency symbol in your response.) (a) Assume that Sandora's functional currency is the Canadian dollar: (i) Calculate the Year 2 exchange gain (loss) that would result from the transiation of Sandora's financlal statemonts. (Input all amounts as positive value. Omit currency symbol in your response.) cs (ii) Translate the Year 2 financlal statements into Canadian dollars. (Round the values in the "Rate" column to 2 decimal places. Exchange gain, if any, should be entered as positive value, and Exchange loss, if any, should be entered with a minus sign. Input. all other amounts as positive values. Omit currency symbol in your response.) (b) Assume that Sandora's functional currency is the U.S. doltor: (i) Calculate the Year 2 exchange gain (loss) thot would result from the translation of Sandora's financial statements and would be reported in other comprehensive income. (input all amounts as positive value. Omit currency symbol in your response.) Cs