On January 2nd 2014, American Company established a German Subsidiary (Auf Wiedershen) by acquiring 110000 shares of stock Relevant information is as follows:
	January 2nd 2014 when German stock issued: 1 euro = $1
	January 1st 2016 Auf Wiedershen purchased a 20 year piece of equipment for 80,000 euros; on January 1st 2016 the euro was worth $1.08
	January 2nd 2019 Auf Wiedershen purchased land for 160,000 euros when the euro was worth $1.05
	December 31st 2019 Auf Wiedershen's retained earnings was $425,000
	2020 average exchange rate: 1 euro = $1.11
	2020 spot rate 12/31/2020 1 euro = $1.07
	September 15th Auf Wiedershen declares and pays a 50,000 euro dividend when the euro is worth $1.12
	Financial Statements of Auf Wiedershen
		Income statement
		Followig GAAP but in euros
	Revenue		450000
	salary expense		200,000
	depreciation equipment		4000
	income		246,000
		Balance Sheet
	cash		200000		accounts payable		250000
	accounts receivable		300000
	equipment		80000		common stock		110000
	a/d equipment		-20000		retained earnings		360000
	land		160000
	total assets		720000
REQUIRED:	CONVERT THE FINANCIAL STATEMENTS INTO DOLLARS WHEN THE EURO IS THE FUNCTIONAL CURRENCY