On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 73,000. SunTimes December 31, 20X1, trial balance in SFr is as follows:

	Debit				Credit
Cash	SFr	8,700
Accounts Receivable (net)		22,000
Receivable from Popular Creek		5,100
Inventory		27,000
Plant & Equipment		104,000
Accumulated Depreciation					SFr	10,200
Accounts Payable						13,900
Bonds Payable						51,500
Common Stock						73,000
Sales						147,400
Cost of Goods Sold		70,500
Depreciation Expense		10,200
Operating Expense		32,500
Dividends Paid		16,000
Total	SFr	296,000			SFr	296,000

Additional Information

1. The receivable from Popular Creek is denominated in Swiss francs. Its books show a $3,723 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 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