On January 1, 20X1, Popular Creek Corporation organized RoadTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 71,000. RoadTime's December 31, 20X1, trial balance in SFr is as follows:

	Debit		Credit
Cash	SFr	8,000
Accounts Receivable (net)		21,000
Receivable from Popular Creek		5,900
Inventory		27,000
Plant & Equipment		109,000
Accumulated Depreciation			SFr	11,500
Accounts Payable				13,400
Bonds Payable				51,500
Common Stock				71,000
Sales				162,200
Cost of Goods Sold		75,000
Depreciation Expense		11,500
Operating Expense		35,000
Dividends Paid		17,200
Total	SFr	309,600	SFr	309,600

Additional Information
1.	The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $4,720 payable to RoadTime.
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'.)

ROADTIME COMPANY
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
Total debits	$0
Accumulated depreciation
Accounts payable
Bonds payable
Common stock
Sales
Total
Total credits