On January $1,20$X$1,$ Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs $($SFr$)79,000.$ SunTime$$s December $31,20$X$1,$ trial balance in SFr is as follows:

Debit Credit

Cash SFr $7,800$

Accounts Receivable $($net$)21,500$

Receivable from Popular Creek $5,100$

Inventory $26,500$

Plant and Equipment $105,000$

Accumulated Depreciation SFr $10,700$

Accounts Payable $13,700$

Bonds Payable $50,500$

Common Stock $79,000$

Sales $147,500$

Cost of Goods Sold $72,000$

Depreciation Expense $10,700$

Operating Expense $35,000$

Dividends Paid $17,800$

Total SFr $301,400$ SFr $301,400$

Additional Information

The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $$4,080$ payable to SunTime.

Purchases of inventory goods are made evenly during the year. Items in the ending inventory were purchased November $1.$

Equipment is depreciated by the straight$-$line method with a $10-$year life and no residual value. A full year$$s depreciation is taken in the year of acquisition. The equipment was acquired on March $1.$

The dividends were declared and paid on November $1.$

Exchange rates were as follows:

January $1$ SFr $1=$ $ $0\mathrm{.}73$

March $1$ SFr $1=$ $ $0\mathrm{.}74$

November $1$ SFr $1=$ $ $0\mathrm{.}77$

December $31$ SFr $1=$ $ $0\mathrm{.}80$

$20$X$1$ average SFr $1=$ $ $0\mathrm{.}75$

The Swiss franc is the functional currency.

Required:

Prepare a schedule translating the December $31,20$X$1,$ trial balance from Swiss francs to dollars.

Note: If no adjustment is needed, select $\text{'}$No entry necessary'.