Panco, a U.S. entity, has a subsidiary, Sanco, located in a foreign country. Sanco's operations are concentrated in the country in which it is located and are essentially independent of Panco. The economy of the foreign country is not highly inflationary. Sanco prepared the following shortened financial statements in its local currency, the FCU, for the fiscal year ended December 31, 20X8:

Statement of Net Income and Comprehensive Income (20X8)FCU (in 000)

Sales12,000

COGS(4,000)

Depreciation Expense(1,000)

Other Expenses(3,000)

Net Income4,000

Other Comprehensive Income0

Retained Earnings (20X8)

Beginning Retained Earnings (end 20X7)6,000

Add: Net Income (20X8)4,000

Deduct: Dividends (20X80(1,000)

Ending Retained Earnings9,000

Balance Sheet (12/31/20X8)

Cash and Account Receivable2,000

Inventory6,000

Fixed Assets10,000

Total Assets18,000

Liabilities2,000

Common Stock7,000

Ending Retained Earnings9,000

Subtotal18,000

Accumulated Other Comprehensive Income0

Total Liabilities plus Equity18,000

The following exchange rates were available:

Historic exchange rate when Sanco was established by Panco: 1 FCU = $1.200

Weighted average exchange rate for 20X8: 1 FCU = $1.300

Spot exchange rate at date dividend declared:1 FCU = $1.290

Spot exchange rate at December 31, 20X8: 1 FCU = $1.310

Answer the following four questions by selecting an answer from A to J below.

a)What is the amount (in 000) of Sanco's common stock in U.S. dollars?

H

b)What is the amount (in 000) of Sanco's Cash in U.S. dollars?

c)What is the amount (in 000) of Sanco's Net Income in U.S. dollars?

d)What is the amount (in 000) of Sanco's Inventory in U.S. dollars?