Sendelbach Corporation is a U.S.-based organization with operations throughout the world. One of its subsidiaries is headquartered in Toronto. Although this wholly owned company operates primarily in Canada, it engages in some transactions through a branch in Mexico. Therefore, the subsidiary maintains a ledger denominated in Mexican pesos (Ps) and a general ledger in Canadian dollars (C$). As of December 31, 2020, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Accounts payable Buildings and equipment Cash Accumulated depreciation Debit Credit C$ 33,390 38,000 C$ 178,000 37,000 Common stock 61,000 Cost of goods sold 214,000 Depreciation expense 8,000 Dividends, 4/1/20 30,000 Gain on sale of equipment, 6/1/20 6,100 Inventory 90,000 Notes payable-due in 2023 80,000 Receivables Salary expense Sales 79,000 Retained earnings, 1/1/20 146,590 34,000 323,000 Utility expense 10,100 Branch operation 7,980 Totals C$ 688,080 C$ 688,080 Branch Operation-Mexico Debit Credit Ps 60,600 36,100 Accounts payable Accumulated depreciation Building and equipment Cash Depreciation expense Inventory (beginning-income statement) Inventory (ending-income statement) Inventory (ending-balance sheet) Purchases Receivables Salary expense Sales Main office Totals Ps 51,000 64,500 3,100 34,000 33,500 33,500 68,000 32,000 10,100 135,000 31,000 Ps 296,200 Ps 296,200