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Please help me with this Exercise 12-6 (Algo) Proof of Translation Adjustment LO 12-4, 12-5 On January 1, 20X1, Popular Creek Corporation organized SunTime Company

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Exercise 12-6 (Algo) Proof of Translation Adjustment LO 12-4, 12-5 On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 71,000. SunTime's December 31, 20X1, trial balance in SFr is as follows: Additional Information 1. The receivable from Popular Creek is denominated in Swiss francs. Popular Creek's books show a $5,100 payable to Suntime. 2. Purchases of inventory goods are made evenly during the year, ltems in the ending inventory were purchased November 1. 3. Equipment is depreclated by the stralght-line method with a 10 -year life and no residual value. A full year's depreciation is taken in the year of acquisition. The equlpment was acquired on March 1 . 4. The dividends were declared and paid on November 1. 5. Exchange rates were as follows: 6. The Swiss franc is the functional currency. Required: a. Prepare a proof of the translation adjustment. b. Where is the transiation adjustment reported on Popular Creek's consolidated financial statements and its foreign subsidiary? Prepare a proof of the translation adjustment. Complete this question by entering your answers In the tabs below. Where is the transiation adjustment reported on Popular Creek's consolidated financial statements and its foreign subsidiary? Note: Select all that apply

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