Qutstion 9 will save the impome 10 points Hardy Company is a wholly owned subsadury of Stephine Corporation on January 1, 2021. 1tandy operates in a forogn in Switzerland monia haetor the y 2021 are as follows: Cash Accounts receivable Inventory Land Building net Equipment not Total assets 90,000 100,000 40,000 100,000 200.000 Hardy Company Consolidated Income and Retained Earnings statements For Year Ending December 31, 2021 180,000 710,000 Salos Cost of goods sold Depreciation expense Hardy Company Balance Sheet December 31, 2021 Accounts payablo Bonds payable Other expenses Income taxes Not income Retained earnings 1.1 Less dividends (doclared 9.1) Retained Earnings 12/31 Common stock Additional paid-in capital Retained earnings Total liabilities and equity 80,000 140,000 200,000 100,000 190,000 710,000 380,000 (100,000) (40,000) (90000) (100,000) 50,000 200,000 (60 000) 190,000 Activate Windows Equipment not Total assets 200,000 180,000 710,000 AURTIKAT Serin Cape Retained earnings Additional Information: At the time of the combination, subsidiary's retained earnings were 200,000 (CHF) Hady uses the FIFO method of inventory volution and sending tory bo 2020 and 2021 was purchased in the last quarter of the year. Beginning and ending inventory are 15.000 and 40,000, pectively Hardy declared dividends of 00.000 CHF on September 1, 2021 Direct exchange rates for Swess franc are X X Date January 1, 2019 January 1, 2021 September 1, 2021 December 31,2021 Average for 2021 Average for last three months of 2021 Average for last three months of 2020 Required: A. Translate the year-end balance sheet and income statement of the foreign subsidiary using the temporal method of translation B. Determine the romeasurement gain or loss to be reported in Stephanie's 2021 consolidated not income C. Prepare Cost of Goods Schedule For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) V Arial B IUS Paragraph FRE V HARRE 190,000 710.000 10pt M N E- Exchange Rate 08562 10451 1.1572 1.1762 11100 11667 10223 11 Ev AV 2 v I. " x BBY D A A Activate Windows 6.180 activate Wid