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:

Additional Information:

Exchange rates are as follows:

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

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:

Additional Information:

Exchange rates are as follows:

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