On January $1,20$x$1,$ Ropular Creek Corporation organized Suntime Company as a subsidlary in Switzerland wah an initial investment cost of SWiss francs $($SFr$)60,000.$ Sumimes December $31,201,$ trial balance in SFr is as follows:

$\backslash$table$[[\backslash$table$[[$Cash$],[$Afcuinte Reraivahle $($nat$)]],\backslash$table$[[$Debit$],[$SFr $7,609],[29.$ aed$]],$Credit$],[\backslash$table$[[$Accounts Receivable $($net$)],[$Receivable fron Popular$],[$Creak$]],\backslash$table$[[20,000],[5,000]],],[\backslash$table$[[$tory$],[$and Equipment$]],\backslash$table$[[25,000],[100,000]],],[\backslash$table$[[$Accumulated Depreciation$],[$Accounts Payable$],[$Bonds Payable$],[$Common Stock$],[$Sales$]],,\backslash$table$[[$SFr $10,090],[12,000],[50,000],[60,000],[150,000]]],[\backslash$table$[[$Cost of Goods Sold$],[$Depreciation Expense$],[$Operating Expense$],[$Dividends Paid$]],\backslash$table$[[70,000],[10,690],[30,000],[15,000]],],[t=,\backslash$table$[[$SFr$],[282,000]],\backslash$table$[[$SFr$],[282,600]]]]$

Addilional Information

The recelvable from Popular Creek is denominated in Swiss trancs. Popular Creek's books show a $$4,000$ payable to Suntime.

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

Equlpment is depreclated by the stralghtilline method with a $10-$year lifie and no residual value. Af full years depreciation is taken in the year of acquisition. The equlpment was acquilred on March $1.$

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

Eichange rates were as follow$5$:

$\backslash$table$[[$Janwary $1,$SFr $1=$$