On January 1, 20X1, Sugar Creek Corporation organized Tribune Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 60,000. Tribunes December 31, 20X1, trial balance in SFr is as follows:

	Debit	Credit
Cash	7000.00
Accounts Receivable (net)	20000.00
Receivable from Sugar Creek	5000.00
Inventory	25000.00
Plant & Equipment	100000.00
Accumulated Depreciation		10000.00
Accounts Payable		12000.00
Bonds Payable		50000.00
Common Stock		60000.00
Sales		150000.00
Cost of Goods Sold	70000.00
Depreciation Expense	10000.00
Operating Expense	30000.00
Dividends Paid	15000.00
Total	282000.00	282000.00

Additional Information

The receivable from Sugar Creek is denominated in Swiss francs. Sugar Creeks books show a $4,000 payable to Tribune.

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.

The Swiss franc is the functional currency.

Assume the following exchange rates

	Swiss Francs	US Dollars
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 receivable from Sugar Creek is denominated in Swiss francs. Its books show a $3,650 payable to Road Runner. Assume that 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.