On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 61,000. SunTimes December 31, 20X1, trial balance in SFr is as follows:

	Debit				Credit
Cash	SFr	7,700
Accounts Receivable (net)		22,000
Receivable from Popular Creek		5,300
Inventory		26,000
Plant & Equipment		110,000
Accumulated Depreciation					SFr	11,300
Accounts Payable						12,700
Bonds Payable						51,500
Common Stock						61,000
Sales						170,400
Cost of Goods Sold		74,000
Depreciation Expense		11,300
Operating Expense		33,000
Dividends Paid		17,600
Total	SFr	306,900			SFr	306,900

Additional Information

The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $4,240 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	=	0.73
March 1	1	=	0.74
November 1	1	=	0.77
December 31	1	=	0.80
20X1 average	1	=	0.75

The Swiss franc is the functional currency.

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

\begin{tabular}{ll|l|} \hline \multicolumn{1}{c|}{ SUNTIME COMPANY } \\ \cline { 3 - 4 } & \multicolumn{1}{c|}{ Trial Balance Translation Schedule } \\ \hline December 31, 20X1 & U.S. Dollars \\ \hline Cash & \\ \hline Accounts receivable (net) & \\ \hline Receivable from Popular Creek & \\ \hline Inventory & \\ \hline Plant and equipment & \\ \hline Cost of goods sold & \\ \hline Depreciation expense & \\ \hline Operating expense & \\ \hline Dividends paid & \\ \hline Total & \\ \hline Accumulated depreciation & \\ \hline \end{tabular} Accounts payable Bonds payable Common stock Sales Total Total credits