on January 1, 20X1, Popular Creek Corporation organized RoadTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 69,000. RoadTime's December 31, 20X1, trial balance in SFr is as follows: Credit Debit Cash SFr 7,400 Accounts Receivable (net) 24,000 Receivable from Popular Creek 5,400 Inventory 0,000 108,000 Plant & Equipment Accumulated Depreciation SFr 11,400 Accounts Payable 13,400 Bonds Payable 54,500 Common Stock 69,000 161,200 Sales 74,500 Cost of Goods Sold Depreciation Expense 11,400 Operating Expense 32,000 Dividends Paid 16,800 Total SFr309,500 SFr309,500 Additional Information 1. The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $4,320 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 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 November 1 5. Exchange rates were as follows: SFr January 1 0.73 March 1 0.74 November 1 0.77 December 31 0.80 20X1 average 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