Please help me prepare the schedule to verify the translatioin adjustment

Exercise 13-4

On January 1, 2014, Trenten Systems, a U.S.-based company, purchased a controlling interest in Grant Management Consultants located in Zurich, Switzerland. The acquisition was treated as a purchase transaction. The 2014 financial statements stated in Swiss francs are given below.

GRANT MANAGEMENT CONSULTANTS Comparative Balance Sheets January 1 and December 31, 2014
		Jan. 1		Dec. 31
Cash and Receivables		20,100		55,800
Net Property, Plant, and Equipment		40,700		36,800
Totals		60,800		92,600
Accounts and Notes Payable		30,200		32,300
Common Stock		20,200		20,200
Retained Earnings		10,400		40,100
Totals		60,800		92,600

GRANT MANAGEMENT CONSULTANTS Consolidated Income and Retained Earnings Statement for the Year Ended December 31, 2014
Revenues		74,300
Operating Expenses including Depreciation of 3,900 francs		29,500
Net Income		44,800
Dividends Declared and Paid		15,100
Increase in Retained Earnings		29,700

Direct exchange rates for Swiss franc are:

		Dollars per Franc
January 1, 2014		$0.5987
December 31, 2014		0.5321
Average for 2014		0.5654
Dividend declaration and payment date		0.5810

(b)

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Prepare a schedule to verify the translation adjustment. (Round answers to 0 decimal places, e.g. 5,125. Enter loss and debit cumulative translation adjustment using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

		Swiss Francs		Translation Rate		$
Adjustment for Changes in the Net Asset Position During the YearCumulative Translation Adjustment (debit)Cumulative Translation Adjustment (credit)DividendsExposed Net Asset Position - 1/1Exposed Net Asset Position - 12/31Net Asset Position Translated Using Rate in Effect at Date of TransactionsNet Income				$
Adjustment for Changes in the Net Asset Position During the YearCumulative Translation Adjustment (debit)Cumulative Translation Adjustment (credit)DividendsExposed Net Asset Position - 1/1Exposed Net Asset Position - 12/31Net Asset Position Translated Using Rate in Effect at Date of TransactionsNet Income
Adjustment for Changes in the Net Asset Position During the YearCumulative Translation Adjustment (debit)Cumulative Translation Adjustment (credit)DividendsExposed Net Asset Position - 1/1Exposed Net Asset Position - 12/31Net Asset Position Translated Using Rate in Effect at Date of TransactionsNet Income
Adjustment for Changes in the Net Asset Position During the YearCumulative Translation Adjustment (debit)Cumulative Translation Adjustment (credit)DividendsExposed Net Asset Position - 1/1Exposed Net Asset Position - 12/31Net Asset Position Translated Using Rate in Effect at Date of TransactionsNet Income
Adjustment for Changes in the Net Asset Position During the YearCumulative Translation Adjustment (debit)Cumulative Translation Adjustment (credit)DividendsExposed Net Asset Position - 1/1Exposed Net Asset Position - 12/31Net Asset Position Translated Using Rate in Effect at Date of TransactionsNet Income
Adjustment for Changes in the Net Asset Position During the YearCumulative Translation Adjustment (debit)Cumulative Translation Adjustment (credit)DividendsExposed Net Asset Position - 1/1Exposed Net Asset Position - 12/31Net Asset Position Translated Using Rate in Effect at Date of TransactionsNet Income
Adjustment for Changes in the Net Asset Position During the YearCumulative Translation Adjustment (credit)Cumulative Translation Adjustment (debit)DividendsExposed Net Asset Position - 1/1Exposed Net Asset Position - 12/31Net Asset Position Translated Using Rate in Effect at Date of TransactionsNet Income