PART 3 REMEASUREMENT METHOD On Jan 1, 2000, Poplar Creek, US Company, acquired subsidiary Road Time Company, a Swiss Company. Road Time's december 31, 2000, trial balance in SFr was as follows: Rate USD Foreign Financial Statements Adjusted Trial Balance Debit SFC Rate Type Cash 7,000 C AR 20,000 C Receivable from Poplar Creek 5,000 C Inventory 25,000 C Plant and Equipment 100,000 Cost of goods sold 70,000A Depreciation expense 10,000 A Operating expense 30,000 A Dividends 15,000H Total Debits Average Current Historical Adjusted Total Debits Accumulated depreciation AP 10,000 12,000 50,000 60,000 150,000 H Bonds payable Common stock Sales Total Credits Total credit adjustment Adjusted Total Credits Additional Information 1. Dividends were declared and paid on November 1 2 - Exchange rates were as follows: Jan 1 March 1 Nov 1 Dec 31 0.73 0.74 0.77 0.80 0.75 20x1 average REQUIRED: 1 - Prepare a schedule translating the Dec 31 trial balance into USD - using the TRANSLATION METHOD. 2- Prepare a full set of financial statements for Road Time in USD