On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 65,000. SunTime's December 31, 20X1, trial balance in SFr is as follows: Cash Accounts Receivable (net) Receivable from Popular Creek Inventory Plant and Equipment Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Sales Cost of Goods Sold Depreciation Expense Operating Expense Dividends Paid Total Debit SFr 8,800 Credit 24,500 5,700 28,500 103,000 SFr 11,100 13,000 53,500 65,000 161,800 73,500 11,100 31,500 17,800 SFr 304,400 SFr 304,400 Additional Information 1. The receivable from Popular Creek is denominated in Swiss francs. Its books show a $4,161 payable to SunTime. 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: January 1 SFr 1 = $ 0.80 March 1 SFr 1 = $ 0.77 November 1 SFr 1 = $ 0.74 December 31 SFr 1 = $ 0.73 20X1 average SFr 1 = $ 0.75 6. The U.S. dollar is the functional currency. Required: a. Prepare a schedule remeasuring the December 31, 20X1, trial balance from Swiss francs to dollars. Note: If no adjustment is needed, select 'No entry necessary'. SunTime Company Trial Balance Remeasurement Schedule December 31, 20X1 Cash Accounts receivable (net) Receivable from Popular Creek Inventory Plant and equipment Cost of goods sold Depreciation expense Operating expense Dividends paid Total Total debits Accumulated depreciation Accounts payable Bonds payable Common stock Sales Total U.S. Dollars 0 $ 0 $ 0 Total credits $ 0