On January 1, 20x1, Popular Creek Corporation organized SunTime Company as o subsidiary in Switzerfand with an intial investment. cost of Swiss francs (SFT) 67,000 Suntime's December 31,201, what batance in SFr is as follows. Additional Information 1 The receivable from Popular Creek is denominated in Swiss francs. its books show a $3,796 payable to Suntime 2 Purchases of inventory goods are mode 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 depreciotion is taken in the year of ecculsition. The equipment was acquired on March 1 4 The dividends were declared and poid on November 1 . 5 Exchange rates were os follows: 6. The US dollar is the functional curtency Required: a. Prepare a schedule remeasuring the December 31,201, trial balance from Swiss francs to dollars Note: If no adjustment is needed, select 'No entry necessary