Scenario A: Assume the foreign currency appreciated relative to the US dollar. Use the following direct exchange rates and translate the account balances (in the below partial trial balance) using the current rate and temporal methods.

January 1, 2021	$0.90
January 1, 2022	$1.00
Average rate for 2022	$1.10
December 31, 2022	$1.20

Foreign Co. Trial Balance December 31, 2022
	FCUs	Current Method	Temporal Method
Cash	10,000
Accounts Receivable	25,000
Inventory	50,000
Equipment*	100,000
Accumulated Depreciation	(10,000)
Accounts Payable	(20,000)
Long-term Debt	(60,000)
Sales Revenue	(100,000)
Cost of Goods Sold**	40,000
Salary Expense	30,000
Rent Expense	14,000

*Equipment was acquired on January 1, 2021

**COGS: beginning inventory of $60,000 was acquired when the exchange rate was $1.00. Ending inventory was acquired when the exchange rate was $1.20. Purchases of $30,000 were made evenly throughout the year, so assume an average exchange rate.