On January 1, 20X4, Alum Corporation acquired DaSilva Company, a Brazilian subsidiary, by purchasing all its common stock at book value. DaSilvas trial balances on January 1, 20X4, and December 31, 20X4, expressed in Brazilian reals (BRL), follow:

		January 1, 20X4					December 31, 20X4
	Debit		Credit			Debit		Credit
Cash	BRL	62,000				BRL	57,700
Accounts Receivable (net)		83,900					82,000
Inventories		95,000					95,000
Prepaid Insurance		5,600					2,400
Plant & Equipment		250,000					350,000
Accumulated Depreciation			BRL	67,500				BRL	100,000
Intangible Assets		42,000					30,000
Accounts Payable				20,000					24,000
Income Taxes Payable				30,000					27,000
Interest Payable				1,000					1,100
Notes Payable				20,000					20,000
Bonds Payable				120,000					120,000
Common Stock				80,000					80,000
Additional Paid-In Capital				150,000					150,000
Retained Earnings				50,000					50,000
Sales									500,000
Cost of Goods Sold							230,000
Insurance Expense							3,200
Depreciation Expense							32,500
Amortization Expense							12,000
Operating Expense							152,300
Dividends Paid							25,000
Total	BRL	538,500	BRL	538,500		BRL	1,072,100	BRL	1,072,100

Additional Information:

1.	DaSilva uses FIFO inventory valuation. Purchases were made uniformly during 20X4. Ending inventory for 20X4 is composed of units purchased when the exchange rate was $0.25.
2.	The insurance premium for a two-year policy was paid on October 1, 20X3.
3.	Plant and equipment were acquired as follows:

Date	Cost
January 1, 20X1	BRL	200,000
July 10, 20X2		50,000
April 7, 20X4		100,000

4.	Plant and equipment are depreciated using the straight-line method and a 10-year life, with no residual value. A full months depreciation is taken in the month of acquisition.
5.	The intangible assets are patents acquired on July 10, 20X2, at a cost of BRL60,000. The estimated life is five years.
6.	The common stock was issued on January 1, 20X1.
7.	Dividends of BRL10,000 were declared and paid on April 7. On October 9, BRL15,000 of dividends were declared and paid.
8.	Exchange rates were as follows:

	BRL			$
January 1, 20X1	1	=		0.45
July 10, 20X2	1	=		0.40
October 1, 20X3	1	=		0.34
January 1, 20X4	1	=		0.30
April 7, 20X4	1	=		0.28
October 9, 20X4	1	=		0.23
December 31, 20X4	1	=		0.20
20X4 average	1	=		0.25

The dollar is the functional currency.

Required:

a.	Prepare a schedule remeasuring DaSilva Companys December 31, 20X4, trial balance from reals to dollars. (If no adjustment is needed, select 'No entry necessary'.)

b.	Prepare a schedule providing a proof of the remeasurement gain or loss. (Amounts to be deducted should be indicated with a minus sign.)