Sales 2000 Cost of goods sold 1500 Selling and administrative expenses 100 100 Depreciation expense Amortization expense Interest expense 100 100 January 1. Year 1 $1.10 Rate when property and equipment were acquired and short and longterm debt was incurred, January 15, Year 1 ........1.11 Rate when patent was acquired, February 1. Year 1. 1.1.12 Average Year 1.. ... 1.15 Average 3 years.... ... 1.15 Average for the month of December... 1.1.10 December 31, Year 1 1.1.13 1- Calculate: Total assets in USD according to Current rate method 2- Calculate: Total Liabilities in USD according to Current rate method 3. Calculate: Total Net income in USD according to Current rate method 4- Calculate: Amortization expense in USD according to Current rate method 5. Calculate : Depreciation expense in USD according to Current rate method 6- Calculate: Amortization expense in USD according to Temporal Method 7- Calculate : Depreciation expense in USD according to Temporal Method emes in EURO Item Amount EURO Cash 1000 Accounts receivable 500 Inventory 500 500 Property and equipment Patents, net 1000 1000 Long-term debt short-term debt 1000 1000 Capital stock Additional paid in Capital Sales 500 2000 Cost of goods sold 1500 Selling and administrative expenses 100 Depreciation expense 100 Amortization expense 100 Interest expense 100 January 1. Year 1......... $1.10 Rate when property and equipment were acquired and short and long-term debt was incurred, January 15, Year 1 21.11