On January 1, 20X1, Poppy Creek Corporation organized Sunny Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 77,000. SunTimes December 31, 20X1, trial balance in SFr is as follows:

	Debit				Credit
Cash	SFr	8,400
Accounts Receivable (net)		21,000
Receivable from Popular Creek		5,900
Inventory		26,500
Plant & Equipment		107,000
Accumulated Depreciation					SFr	11,000
Accounts Payable						12,500
Bonds Payable						53,000
Common Stock						77,000
Sales						150,900
Cost of Goods Sold		75,000
Depreciation Expense		11,000
Operating Expense		33,000
Dividends Paid		16,600
Total	SFr	304,400			SFr	304,400

Additional Information

1. The receivable from Poppy Creek is denominated in Swiss francs. Poppy Creek's books show a $4,720 payable to Sunny.
2. Purchases of inventory goods are made evenly during the year. Items in the ending inventory were purchased November 1.
3. Equipment is depreciated by the straight-line method with a 10-year life and no residual value. A full years depreciation is taken in the year of acquisition. The equipment was acquired on March 1.
4. The dividends were declared and paid on November 1.
5. Exchange rates were as follows:

	SFr		$
January 1	1	=	0.73
March 1	1	=	0.74
November 1	1	=	0.77
December 31	1	=	0.80
20X1 average	1	=	0.75

6. The Swiss franc is the functional currency.

Required: Prepare a schedule translating the December 31, 20X1, trial balance from Swiss francs to dollars. (If no adjustment is needed, select 'No entry necessary'.)

Trial Balance Translation Schedule December 31, 20X1 U.S. Dollars Cash Accounts receivable (net) Receivable from Popular Creek Inventory Plant and equipment Cost of goods sold Depreciation expense Operating expense Dividends paid Total $ 0 $ 0 Total debits Accumulated depreciation Accounts payable Bonds payable Common stock Sales Total $ 0 Total credits $ 0