On January $1,2024,$ Flounder Systems, a U$.$S$.-$based company, purchased a controlling interest in Carla Vista Management Consultants located in Zurich, Switzerland. The acquisition was treated as a purchase transaction. The $2024$ financial statements stated in Swiss francs are given below.

$\backslash$table$[[\backslash$table$[[$CARLA VISTA MANAGEMENT CONSULTANTS$],[$Comparative Balance Sheets$],[$January $1$ and December $31,2024]]],[,$Jan. $1,$Dec. $31],[$Cash and Receivables,$19,600,55,600],[$Net Property, Plant, and Equipment,$40,300,36,500],[$Totals$,59,900,92,100],[$Accounts and Notes Payable,$30,300,32,400],[$Common Stock,$19,900,19,900],[$Retained Earnings,$9,700,39,800],[$Totals$,59,900,92,100]]$

$\backslash$table$[[\backslash$table$[[$CARLA VISTA MANAGEMENT CONSULTANTS$],[$Consolidated Income and Retained Earnings Statement$],[$for the Year Ended December $31,2024]]],[$Revenues$,74,800],[$Operating Expenses including Depreciation of $3,800$ francs,$29,700],[$Net Income,$45,100],[$Dividends Declared and Paid,$15,000],[$Increase in Retained Earnings,$30,100]]$