Problem 10-31 (Algo) (LO 10-3, 10-5) Christina Company (a U.S.-based company) has a subsidiary in Canada that began operations at the start of 2020 with assets of 150,000 Canadian dollars (CAD) and liabilities of CAD 90,000. During this Initial year of operation, the subsidiary reported a profit of CAD 44,000. It distributed two dividends, each for CAD 6,800 with one dividend declared on March 1 and the other on October 1. Applicable U.S. dollar ($) exchange rates for 1 Canadian dollar follow: January 1, 2020 (start of business) March 1, 2020 Weighted average rate for 2020 October 1, 2020 December 31, 2020 $0.76 0.74 0.73 0.72 0.71 a. Assume that the Canadian dollar is this subsidiary's functional currency. What translation adjustment would the company report for the year 2020? b. Assume that on October 1, 2020, Christina entered into a forward exchange contract to hedge the net Investment in this subsidiary. On that date, the company agreed to sell CAD 175,000 in three months at a forward exchange rate of $0.72/CAD1. Prepare the Journal entries required by this forward contract. c. Compute the net translation adjustment the company will report in accumulated other comprehensive Income for the year 2020 under this second set of circumstances. Required A Required B Required C Assume that the Canadian dollar is this subsidiary's functional currency. What translation adjustment would the company report for the year 2020? translation adjustment < Required A Required B > Required: 1. Prepare the first-stage allocation of costs to the activity cost pools. 2. Compute the activity rates for the activity cost pools. 3. The company recently completed a 800 square foot carpet-cleaning job at the Flying N Ranch-a 54-mile round-trip journey from the company's offices in Bozeman. Compute the cost of this job using the activity-based costing system. 4. The revenue from the Flying N Ranch was $191.20 (800 square feet @ $23.90 per hundred square feet). Calculate the customer margin earned on this job. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the first-stage allocation of costs to the activity cost pools. Wages Cleaning supplies Cleaning equipment depreciation Vehicle expenses Office expenses President's compensation Total cost Cleaning Carpets Travel to Jobs Job Support Other Total Requiril Required 2 > Required 1 Required 2 Required 3 Required 4 Compute the activity rates for the activity cost pools. (Round your answers to 2 decimal place Activity Cost Pool Cleaning carpets Travel to jobs Job support Activity Rate per hundred square feet per mile per job < Required 1 Required 3> Required 1 Required 2 Required 3 Required 4 The company recently completed a 800 square foot carpet-cleaning job at the Flying N Ranch-a 54-mile round-trip journey from the company's offices in Bozeman. Compute the cost of this job using the activity-based costing system. (Round your Intermediate calculations and final answer to 2 decimal places.) Cost of the job < Required 2 Required 4 > Required 1 Required 2 Required 3 Required 4 The revenue from the Flying N Ranch was $191.20 (800 square feet @ $23.90 per hundred square feet). Calculate the customer margin earned on this job. (Negative customer margins should be indicated with a minus sign. Round your intermediate calculations and final answers to 2 decimal places.) Customer margin < Required 3 Required 4 >