On January $2,2022,$ Maddox Corporation, headquartered in the U$.$S$.,$ established a wholly$-$owned subsidiary in Mexico City. An initial investment of Ps$10,000,000$ was made on that date; the exchange rate was $$0\mathrm{.}05/$peso$.$ During $2022,$ the following cash transactions occurred at the Mexico City subsidiary. All amounts are in Mexican pesos $($Ps$).$

Facilities costs $($January $2$; $5-$year life$)$ Ps$1,000,000$

Purchase of office equipment $($April $1$; $10-$year life$)300,000$

Sales $12,000,000$

Merchandise purchases $9,000,000$

Operating expenses $3,000,000$

The exchange rate was $$0\mathrm{.}06/$Ps in April when the office equipment and Ps$3,000,000$ of merchandise were purchased. Sales, other merchandise purchases, and operating expenses were assumed to have been made or incurred at an average exchange rate of $$0\mathrm{.}07/$Ps$.$ At year$-$end, the exchange rate was $$0\mathrm{.}08/$Ps and the ending inventory $($FIFO$)$ amounted to Ps$2,000,000,$ purchased when the exchange rate was $$0\mathrm{.}07/$Ps$.$ All depreciation and amortization is straight$-$line.

Required

a$.$ Prepare the preclosing trial balance for the Mexico City subsidiary as of December $31,2022,$ in U$.$S$.$ dollars, the subsidiary$$s functional currency.

Use negative signs with your Cr $($credit balance$)$ answers, in the P Dr$($Cr$)$ and $ Dr$($Cr$)$ columns only.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$

December $31,2022$

Remeasured Trial Balance

Ps

Dr $($Cr$)$ $$/$Ps $

Dr $($Cr$)$

Cash Answer

$0$

Answer

$0$

Answer

$0$

Inventory $($FIFO$)$ Answer

$2000000$

Answer

$0\mathrm{.}07$

Answer

$140000$

Facilities, net Answer

$0$

Answer

$0\mathrm{.}05$

Answer

$0$

Equipment, net Answer

$0$

Answer

$0\mathrm{.}06$

Answer

$0$

Capital Answer

$0$

Answer

$0$

Answer

$0$

Sales Answer

$-12000000$

Answer

$0\mathrm{.}07$

Answer

$-840000$

Cost of sales $($FIFO$)$ Answer

$0$

see $(1)$ below Answer

$0$

Operating expenses Answer

$3000000$

Answer

$0\mathrm{.}07$

Answer

$210000$

Depreciation expense $$ facilities Answer

$200000$

Answer

$0\mathrm{.}05$

Answer

$10000$

Depreciation expense $$ equipment Answer

$0$

Answer

$0\mathrm{.}06$

Answer

$0$

Remeasurement $($gain$)$ or loss $--$ see $(2)$ below Answer

$0$

Answer

$0$

Answer

$0$

Do not use negative signs with any of your answers below.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$

$(1)$ Cost of sales Ps $$/$Ps $

Purchases made in April Answer

$0$

Answer

$0$

Answer

$0$

Purchases made at year$-$end Answer

$0$

Answer

$0$

Answer

$0$

Less ending inventory Answer

$0$

Answer

$0$

Answer

$0$

Cost of sales Answer

$0$

Instructions for Remeasurement Gain or Loss table:

Use negative signs with answers to indicate a negative exposed position balance.

Use negative signs with answers to indicate an amount that reduces the exposed position balance.

Using the drop$-$down menu, select the appropriate answer to indicate a remeasurement gain or remeasurement loss.

Do not use a negative sign with your remeasurement gain or remeasurement loss answer.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$

$(2)$ Remeasurement Gain or Loss Ps $$/$Ps $

Exposed position, beginning Answer

$0$

Answer

$0$

Answer

$0$

Sales Answer

$0$

Answer

$0$

Answer

$0$

Facilities costs Answer

$0$

Answer

$0$

Answer

$0$

Equipment purchase Answer

$0$

Answer

$0$

Answer

$0$

Merchandise purchase Answer

$0$

Answer

$0$

Answer

$0$

Merchandise purchase Answer

$0$

Answer

$0$

Answer

$0$

Cash operating expenses Answer

$0$

Answer

$0$

Answer

$0$

Answer

$0$

Exposed position, ending Answer

$0$

Answer

$0$

Answer

$0$

Answer

Answer

$0$

b$.$ Now assume the subsidiary$$s functional currency is the peso. Prepare the subsidiary$$s December $31,2022,$ preclosing trial balance, in U$.$S$.$ dollars.

Use negative signs with your Cr $($credit balance$)$ answers, in the P Dr$($Cr$)$ and $ Dr$($Cr$)$ columns only.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$

December $31,2022$

Translated Trial Balance

Ps

Dr $($Cr$)$ $$/$Ps $

Dr $($Cr$)$

Cash Answer

$0$

Answer

$0$

Answer

$0$

Inventory Answer

$0$

Answer

$0$

Answer

$0$

Facilities, net Answer

$0$

Answer

$0$

Answer

$0$

Equipment, net Answer

$0$

Answer

$0$

Answer

$0$

Capital Answer

$0$

Answer

$0$

Answer

$0$

Sales Answer

$0$

Answer

$0$

Answer

$0$

Cost of goods sold Answer

$0$

Answer

$0$

Answer

$0$

Operating expenses Answer

$0$

Answer

$0$

Answer

$0$

Depreciation expense $$ facilities Answer

$0$

Answer

$0$

Answer

$0$

Depreciation expense $$ equipment Answer

$0$

Answer

$0$

Answer

$0$

Translation $($gain$)$ or loss $--$ see $(3)$ below Answer

$0$

Answer

$0$

Answer

$0$

Instructions for Translation Gain or Loss table:

Use negative signs with answers to indicate a negative exposed position balance.

Use negative signs with answers to indicate an amount that reduces the exposed position balance.

Using the drop$-$down menu, select the appropriate answer to indicate a translation gain or translation loss.

Do not use a negative sign with your translation gain or translation loss answer.

Enter answers using all zeros $($do not abbreviat