Q13. Yang Yang Corporation, the Chinese affiliate of a U.S manufacturer, has the balance sheet shown below:

Assets	CYN	Liabilities and Stockholders Equity	CYN
Cash	7,000	Accounts Payable	23,000
Accounts Receivable	16,000	Long Term Debt	29,000
Inventories	24,000	Stockholders Equity	36,000
Fixed Assets net	41,000		_______
Total Assets	88,000	Total Liabilities and Stockholders Equity	88,000

The current exchange rate is $0.3 = CYN1.

Required:

If Chinese Yuan depreciated by 20%, what would be the translation effects under temporal method?