Save Answer 2 points On December 18, 2021, Stevenson Corporation acquired 100 percent of a Swiss company for 4,015,000 Swiss francs (CHF), which is indicative of book and fair value. At the acquisition date, the exchange rate was $1.00 = CHF 1. On December 18, 2021, the book and fair values of the subsidiary's assets and liabilities were as follows: Cash CHF 815,000 Inventory CHF 1,315,000 Property, plant and equipment CHF 4,015,000 Notes payable CHF (2,130,000) Stevenson prepares consolidated financial statements on December 31, 2021. By that date, the Swiss franc has appreciated to $1.10 = CHF 1. Because of the year-end holidays, no transactions took place prior to consolidation. What is the amount of translation adjustment to be reported on Stevenson's December 31, 2021, consolidated balance sheet, assuming that the Swiss franc is the Swiss subsidiary's functional currency? $401,500 positive O $131,500 negative S401.500 negative O $131,500 positive