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	7,300
Accounts Receivable (net)		22,000
Receivable from Popular Creek		5,700
Inventory		26,500
Plant & Equipment		102,000
Accumulated Depreciation					SFr	10,100
Accounts Payable						13,700
Bonds Payable						54,000
Common Stock						77,000
Sales						142,200
Cost of Goods Sold		74,500
Depreciation Expense		10,100
Operating Expense		31,500
Dividends Paid		17,400
Total	SFr	297,000			SFr	297,000

Additional Information

1. The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $4,560 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
Accounts receivable (net)
Receivable from Popular Creek
Inventory
Plant and equipment
Cost of goods sold
Depreciation expense
Operating expense
Dividends paid
Total	$0
Total debits	$0
Accumulated depreciation
Accounts payable
Bonds payable
Common stock
Sales
Total	$0
Total credits	$0