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	8,400
Accounts Receivable (net)		23,500
Receivable from Popular Creek		6,100
Inventory		25,500
Plant & Equipment		102,000
Accumulated Depreciation					SFr	10,900
Accounts Payable						12,300
Bonds Payable						55,000
Common Stock						77,000
Sales						143,600
Cost of Goods Sold		74,500
Depreciation Expense		10,900
Operating Expense		31,500
Dividends Paid		16,400
Total	SFr	298,800			SFr	298,800

Additional Information

The receivable from Popular Creek is denominated in Swiss francs. Its books show a $4,453 payable to SunTime.

Purchases of inventory goods are made evenly during the year. Items in the ending inventory were purchased November 1.

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.

The dividends were declared and paid on November 1.

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

The U.S. dollar is the functional currency.

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