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On January 1,20X1. Popular Greek Corporation organized Sunlime Company as a subsidiary in Switzerland with an intial imvestrment cost of Swiss francs (SFi) 68,000 .

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On January 1,20X1. Popular Greek Corporation organized Sunlime Company as a subsidiary in Switzerland with an intial imvestrment cost of Swiss francs (SFi) 68,000 . Suntime's December 31,201, trial balance in SFr is as follows: Additional Information 1. The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $4,560 payable to SunT ime 2. Purchases of inventory goods are made evenly during the year. ttems in the ending inventory were purchased Novernber 1 . 3. Equipment is depreciated by the straight-line method whth a 10 -year life and no residual value. A full year's 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 6. The Swiss franc is the functional currency Required: Prepare a schedule translating the December 31, 20X1, thal balance from Swiss francs to dollars. (If no odjustment is needed, select 'No entry necessory')

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