peso is the functional currency. Relevant exchange rates between the peso and the U.S. dollar follow: January 1 (beginning of year) Average for year November 1 December 31 (end of year) Required: $ 0.0870 0.0900 0.0915 0.0930 a. Prepare a proof of the translation adjustment, assuming that the beginning credit balance of the Accumulated Other Comprehensive Income-Translation Adjustment account was $3,290. b. Did the U.S. dollar strengthen or weaken against the Mexican peso during the year? Complete this question by entering your answers in the tabs below. Required A Required B Prepare a proof of the translation adjustment, assuming that the beginning credit balance of the accumulated other comprehensive income -translation adjustment account was $3,290. Note: Amounts to be deducted should be indicated with a minus sign. Required A Required B Prepare a proof of the translation adjustment, assuming that the beginning credit balance of the accumulated other compreher -translation adjustment account was $3,290. Note: Amounts to be deducted should be indicated with a minus sign. SOLO COMPANY LIMITED Proof of Translation Adjustment Year Ended December 31 Translation MXP Rate Net assets at beginning of year Adjustment for changes in net assets position during year: Net income for year Dividends Net assets translated at: Rates during year Rates at end of year Change in other comprehensive income-translation adjustment during year (net increase) Accumulated other comprehensive income-translation adjustment, 1/1 (credit) Accumulated other comprehensive income-translation adjustment, 12/31 (credit) Required A Required B Did the U.S. dollar strengthen or weaken against the Mexican peso during the year? 0 0 0