On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 60,000. SunTime's December 31, 20X1, trial balance in SFr is as follows:

	Debit				Credit
Cash	SFr	7,000
Accounts Receivable (net)		20,000
Receivable from Popular Creek		5,000
Inventory		25,000
Plant & Equipment		100,000
Accumulated Depreciation					SFr	10,000
Accounts Payable						12,000
Bonds Payable						50,000
Common Stock						60,000
Sales						150,000
Cost of Goods Sold		70,000
Depreciation Expense		10,000
Operating Expense		30,000
Dividends Paid		15,000
Total	SFr	282,000			SFr	282,000

Additional Information

1. The receivable from Popular Creek Corporation is denominated in Swiss francs. Popular Creeks books show a $3,650 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	=	0.80
March 1	1	=	0.77
November 1	1	=	0.74
December 31	1	=	0.73
20X1 average	1	=	0.75

6. The Swiss franc is the functional currency.

Required: a. Prepare a schedule translating the December 31, 20X1, trial balance from Swiss francs to dollars. (If no adjustment is needed, select 'No entry necessary'.)