On January 2, 20X8, Johnson Company acquired a 100% interest in the capital stock of Perth Company for $3,100,000. Any excess cost over book value is attributable to a patent with a 10-year remaining life. At the date of acquisition, Perth's balance sheet contained the following information (in Foreign Currency Units, FCU):

Cash 40,000 Receivables 150,000 Inventories 500,000 Equipment 1,500,000 Payables 200,000 Capital stock 600,000 Retained earnings 1,390,000 Perth's income statement for 20X8 is as follows(in Foreign Currency Units, FCU): Sales revenue 1,010,000 Cost of goods sold 590,000 Operating expenses 120,000 Depreciation expense 200,000 Income tax expense 40,000 The balance sheet of Perth at December 31, 20X8, is as follows(in Foreign Currency Units, FCU): Cash 180,000 Receivables 210,000 Inventories 520,000 Equipment 1,300,000 Payables 180,000 Capital stock 600,000 Retained earnings 1,430,000 Perth declared and paid a dividend of 20,000 FCU on October 1, 20X8. Spot rates at various dates for 20X8 follow: January 2: 1 FCU = $1.50 October 1: 1 FCU = $1.60 December 31: 1 FCU = $1.70 Weighted average: 1 FCU = $1.55 Assume Perth's revenues, purchases, operating expenses, depreciation expense, and income taxes were incurred evenly throughout 20X8.

Refer to the above information. Assuming Perth's local currency is the functional currency, what is the amount of translation adjustments that result from translating Perth's trial balance into U.S. dollars at December 31, 2008? A. $396,500 debit B. $285,000 credit C. $405,000 credit D. $411,000 credit

Refer to the above information. Assuming Perth's local currency is the functional currency, what is the amount of patent amortization for 2008 that results from Johnson's acquisition of Perth's stock on January 2, 2008. Round your answer to the nearest dollar. A. $11,500 B. $11,884 C. $7,667 D. $9,394

Refer to the above information. Assuming Perth's local currency is the functional currency, what is the amount of translation adjustment that appears on Johnson's consolidated financial statements at December 31, 2008? A. $419,184 credit B. $416,884 credit C. $405,884 debit D. $398,500 credit

Refer to the above information. Assuming Perth's local currency is the functional currency, what is the balance in Johnson's investment in foreign subsidiary account at December 31, 2008, assuming use of the equity method? A. $3,216,500 B. $3,560,000 C. $3,568,300 D. $3,577,694

Refer to the above information. Assuming the U.S. dollar is the functional currency, what is Johnson's remeasurement gain (loss) for 2008? (Assume the ending inventory was acquired on December 31, 2008.) A. $31,000 gain B. $36,500 loss C. $22,000 gain D. $32,000 gain

Refer to the above information. Assuming the U.S. dollar is the functional currency, what is the amount of Perth's cost of goods sold remeasured in U.S. dollars? A. $811,500 B. $843,500 C. $884,500 D. $799,500

Refer to the above information. Assuming the U.S. dollar is the functional currency, what is the amount of patent amortization for 2008 that results from Johnson's acquisition of Perth's stock on January 2, 2008? A. $11,884 B. $11,770 C. $12,550 D. $11,500

Refer to the above information. Assuming the U.S. dollar is the functional currency, what is Perth's net income for 2008 in U.S. dollars (include the remeasurement gain or loss in Perth's net income)? A. $238,000 B. $228,000 C. $219,500 D. $202,000

show your calculation please