On January $1,20$X$1,$ Kiner Company formed a foreign subsidiary that issued all of its currently outstanding common stock on that date. Selected accounts from the balance sheets, all of which are shown in local currency units LCU, are as follows:

December $31$

$20$X$220$X$1$

Accounts Receivable $($net of allowance for uncollectible accounts of $1,800$ LCU on December $31,20$X$2,$ and $1,600$ LCU on December $31,20$X$1)$ LCU $35,000$ LCU $30,000$

Inventories, at cost $76,00071,000$

Property, Plant and Equipment $($net of allowance for accumulated depreciation of $31,000$ LCU on December $31,20$X$2,$ and $14,000$ LCU on December $31,20$X$1)167,000154,000$

Long$-$Term Debt $120,000140,000$

Common Stock, authorized $26,000$ shares, par value $10$ LCU per share; issued and outstanding, $13,000$ shares on December $31,20$X$2,$ and December $31,20$X$1130,000130,000$

Additional Information:

Exchange rates are as follows:

January $1,20$X$1$July $31,20$X$1$ LCU $2\mathrm{.}0=$ $ $1$

August $1,20$X$1$October $31,20$X$1$ LCU $1\mathrm{.}8=$ $ $1$

November $1,20$X$1$June $30,20$X$2$ LCU $1\mathrm{.}7=$ $ $1$

July $1,20$X$2$December $31,20$X$2$ LCU $1\mathrm{.}5=$ $ $1$

Average monthly rate for $20$X$1$ LCU $1\mathrm{.}9=$ $ $1$

Average monthly rate for $20$X$2$ LCU $1\mathrm{.}6=$ $ $1$

An analysis of the accounts receivable balance is as follows:

$20$X$220$X$1$

Accounts Receivable:

Balance at beginning of year LCU $31,600$

Sales $(38,000$ LCU per month in $20$X$2$ and $33,000$ LCU per month in $20$X$1)456,000$ LCU $396,000$

Collections $(448,000)(363,400)$

Write$-$offs $($May $20$X$2$ and December $20$X$1)(2,800)(1,000)$

Balance at end of year LCU $36,800$ LCU $31,600$

$20$X$220$X$1$

Allowance for Uncollectible Accounts:

Balance at beginning of year LCU $1,600$

Provision for uncollectible accounts $3,000$ LCU $2,600$

Write$-$offs $($May $20$X$2$ and December $20$X$1)(2,800)(1,000)$

Balance at end of year LCU $1,800$ LCU $1,600$

An analysis of inventories, for which the first$-$in$,$ first$-$out inventory method is used, follows:

$20$X$220$X$1$

Inventory at beginning of year LCU $71,000$

Purchases $($June $20$X$2$ and June $20$X$1)320,000$ LCU $360,000$

Goods available for sale LCU $391,000$ LCU $360,000$

Inventory at end of year $(76,000)(71,000)$

Cost of goods sold LCU $315,000$ LCU $289,000$

On January $1,20$X$1,$ Kiner$$s foreign subsidiary purchased land for $28,000$ LCU and plant and equipment for $140,000$ LCU. On July $4,20$X$2,$ additional equipment was purchased for $30,000$ LCU. Plant and equipment is being depreciated on a straight$-$line basis over a $10-$year period with no residual value. A full year$$s depreciation is taken in the year of purchase.

On January $15,20$X$1,7$ percent bonds with a face value of $140,000$ LCU were issued. These bonds mature on January $15,20$X$7,$ and the interest is paid semiannually on July $15$ and January $15.$ The first interest payment was made on July $15,20$X$1.$

Required:

Prepare a schedule remeasuring the selected accounts into U$.$S$.$ dollars for December $31,20$X$1,$ and December $31,20$X$2,$ respectively, assuming the U$.$S$.$ dollar is the functional currency for the foreign subsidiary. The schedule should be prepared using the following form:

Note: Round your dollar amounts to nearest whole dollar.