Please anwer in computerized form. Thank you.

On January 1, 2011, Roswell Systems, a U.S.-based company, purchased a controlling interest in Swiss Management Consultants located in Zurich, Switzerland. The acquisition was treated as a purchase transaction. The 2011 financial statements stated in Swiss francs are given below. SWISS MANAGEMENT CONSULTANTS Comparative Balance Sheets January 1 and December 31, 2011 Jan. 1 Dec. 31 Cash and Receivables Net Property, Plant, and Equipment Totals 30,000 60,000 90,000 84,000 56,000 140,000 Accounts and Notes Payable Common Stock Retained Earnings Totals 45,000 30,000 15,000 90,000 50,000 30,000 60,000 140,000 SWISS MANAGEMENT CONSULTANTS Consolidated Income and Retained Earnings Statement For the Year Ended December 31, 2011 Revenues Operating Expenses including depreciation of 5,000 francs Net income Dividends Declared and Paid Increase in Retained Earnings 112.000 45.000 67,000 22.000 45.000 Direct exchange rates for Swiss franc are: U.S. Dollars per Franc January 1, 2011 $0.9987 December 31, 2011 0.9321 Average for 2011 0.9654 Dividend declaration and payment date 0.9810 Required: a. Translate the year-end balance sheet and income statement of the foreign subsidiary using the current rate method of translation. b. Prepare a schedule to verify the translation adjustment