On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 72,000. SunTimes December 31, 20X1, trial balance in SFr is as follows: Debit Credit Cash SFr 8,600 Accounts Receivable (net) 21,000 Receivable from Popular Creek 5,200 Inventory 27,000 Plant & Equipment 102,000 Accumulated Depreciation SFr 11,500 Accounts Payable 12,300 Bonds Payable 50,500 Common Stock 72,000 Sales 149,900 Cost of Goods Sold 75,000 Depreciation Expense 11,500 Operating Expense 30,500 Dividends Paid 15,400 Total SFr 296,200 SFr 296,200 Additional Information The receivable from Popular Creek is denominated in Swiss francs. Its books show a $3,796 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'.)

SunTime Company
Trial Balance Remeasurement 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