On January 1, 20X1, Popular Creek Corporation organized SunTime 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	7,400
Accounts Receivable (net)		23,000
Receivable from Popular Creek		5,500
Inventory		27,500
Plant & Equipment		103,000
Accumulated Depreciation					SFr	10,600
Accounts Payable						12,800
Bonds Payable						51,500
Common Stock						77,000
Sales						147,600
Cost of Goods Sold		74,500
Depreciation Expense		10,600
Operating Expense		31,000
Dividends Paid		17,000
Total	SFr	299,500			SFr	299,500

Additional Information

1. The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $4,400 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 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'.)

SUNTIME COMPANY
Trial Balance Translation Schedule
December 31, 20X1
	U.S. Dollars
Cash	$5,920
Accounts receivable (net)	18,400
Receivable from Popular Creek	4,400
Inventory	22,000
Plant and equipment	82,400
Cost of goods sold	HELP
Depreciation expense	HELP
Operating expense	23,250
Dividends paid	13,090
Total	$177,304
No entry necessary	0
Total debits	$177,304
Accumulated depreciation	$8,480
Accounts payable	10,240
Bonds payable	41,200
Common stock	56,210
Sales	110,700
Total	$226,830
Accumulated other comprehensive income - Translation adjustment	HELP
Total credits	$226,830