Remeasured and Translated Trial Balance Do not use negative signs with any of your answers below.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$

Instructions for Remeasurement Gain or Loss table:

Use negative signs with answers to indicate a negative exposed position balance.

Use negative signs with answers to indicate an amount that reduces the exposed position balance.

Using the drop$-$down menu, select the appropriate answer to indicate a remeasurement gain or remeasuren

Do not use a negative sign with your remeasurement gain or remeasurement loss answer.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$ b$.$ Now assume the subsidiary's functional currency is the peso. Prepare the subsidiary's December $31,2022,$ preclosing trial balance, in U$.$S$.$ dollars.

Use negative signs with your $Cr($credit balance$)$ answers, in the $PDr(Cr)$ and $$Dr(Cr)$ columns only.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$

$\backslash$table$[[\backslash$table$[[$December $31,2022],[$Translated Trial Balance$]],\backslash$table$[[\backslash$table$[[$Ps$],[$Dr$($Cr$)]]]],$$$/$Ps$,,\backslash$table$[[\backslash$table$[[$$$],[$Dr$($Cr$)]]]]],[$Cash$,0$x$,0$x$,$$$,0$x$],[$Inventory$,0$x$,0$x$,,0$x$],[$Facilities$,$ net,$0$x$,0$x$,,0$x$],[$Equipment$,$ net,$0$x$,0$x$,,0$x$],[$Capital$,0$x$,0$x$,,0$x$],[$Sales$,0$x$,0$x$,,0$x$],[$Cost of goods sold,$0$x$,0$x$,,0$x$],[$Operating expenses,$0$x$,0$x$,,0$x$],[$Depreciation expense $-$ facilities,$0$x$,0$x$,,0$x$],[$Depreciation expense $-$ equipment,$0$x$,0$x$,,0$x$],[$Translation $($gain$)$ or loss,$--,$see $(3)$ below,,$0$x$],[0,,$$$,0]]$

Instructions for Translation Gain or Loss table:

Use negative signs with answers to indicate a negative exposed position balance.

Use negative signs with answers to indicate an amount that reduces the exposed position balance.

Using the drop$-$down menu, select the appropriate answer to indicate a translation gain or translation loss.

Do not use a negative sign with your translation gain or translation loss answer.

Enter answers using all zeros $($do not abbreviate to millions or thousands$).$

$\backslash$table$[[(3)$ Translation Gain or Loss,Ps$,$$$/$Ps$,,,5],[$Exposed position, beginning,$0$x$,0,6,,0$x$],[$Net income,$0$x$,0,,,0$x$],[,,,,0$x$],[$Exposed position, ending,$0$x$,0,,,0$x$],[$Translation gain,,,,$$,0$x$]]$

On January $2,2022,$ Maddox Corporation, headquartered in the U$.$S$.,$ established a wholly$-$owned subsidiary in Mexico

City. An initial investment of Ps$10,000,000$ was made on that date; the exchange rate was $$\frac{0\mathrm{.}05}{?}$ peso. During $2022,$ the

following cash transactions occurred at the Mexico City subsidiary. All amounts are in Mexican pesos $($Ps$).$

The exchange rate was $$\frac{0\mathrm{.}06}{P}s$ in April when the office equipment and Ps$3,000,000$ of merchandise were purchased.

Sales, other merchandise purchases, and operating expenses were assumed to have been made or incurred at an

average exchange rate of $$\frac{0\mathrm{.}07}{P}s.$ At year$-$end, the exchange rate was $$\frac{0\mathrm{.}08}{P}s$ and the ending inventory $($FIFO$)$

amounted to Ps$2,000,000,$ purchased when the exchange rate was $$\frac{0\mathrm{.}07}{P}s.$ All depreciation and amortization is

straight$-$line.

Required

a$.$ Prepare the preclosing trial balance for the Mexico City subsidiary as of December $31,2022,$ in

U$.$S$.$ dollars, the subsidiary's functional currency.

Use negative signs with your $Cr($credit balance$)$ answers, in the $PDr(Cr)$ and $$Dr(Cr)$ columns

only.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$

Do not use negative signs with any of your answers below.

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$