On January 1, 20X1, Popular Creek Corporation organized RoadTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 78,000. RoadTime's December 31, 20X1 trial balance in SFr is as follows: SFr 7,400 21,000 5,200 26,000 104,000 Accounts Receivable (net) Receivable from Popular Creek Plant & Equipment Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Sales Cost of Goods Sold Depredation Expense Operating Expense Dividends Paid SFr 10,300 12,300 52,500 78,000 139,100 71,000 10,300 31,500 15,800 Total SFr292,200 SFr292,200 Additional Information 1. The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books showa S4,160 payable to RoadTime. 2. Purchases ofi 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 ful year's depreciation is taken in the year of acquisition. The equipment was acquired on March 1 4. The dividends were declared and paid on Novenber 1 5. Exchange rates were as follows January 1 March 1 November 1 December 31 20X1 average SFr S 1 = 0.73 10.74 1: 0.77 1=0.80 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 Plant and equipment Cost of goods sold Depreciation expense Operating expense Dividends paid Total Total debits Accounts payable Bonds payable Common stock Sales Total Total credits