On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 64,000. SunTime's December 31, 20X1, trial balance in SFr is as follows: Cash Accounts Receivable (net) Receivable from Popular Creek Inventory Plant & Equipment Accumulated Depreciation Accounts Payable Bonds Payable Common Stock Debit Credit SFr 7,800 22,000 6,300 29,500 103,000 SFr 11,700 13,800 54,500 64,000 157,000 72,500 11,700 31,000 17,200 SFr301,000 SFr301,000 Sales Cost of Goods Sold Depreciation Expense Operating Expense Dividends Paid Total Additional Information 1. The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $5,040 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 March 1 November 1 December 31 20X1 average Sir $ 1 = 0.73 1 = 0.74 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') SUNTIME 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 $ CA 0 Total debits Accumulated depreciation Accounts payable Bonds payable Common stock Sales Total CA 0 Total credits $ 0