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$). As of December 31, 2020, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Debit Accounts payable Buildings and equipment Cash Accumulated depreciation Credit C$ 29,105 37,000 C$ 177,000 36,000 Common stock 60,000 Cost of goods sold 213,000 Depreciation expense 7,900 Dividends, 4/1/20 29,000 Gain on sale of equipment, 6/1/20 6,000 Inventory 89,000 Notes payable-due in 2023 79,000 Receivables Retained earnings, 1/1/20 Salary expense Sales Utility expense Branch operation Totals 78,000 145,590 33,000 322,000 10,000 5,795 C$ 678,695 C$ 678,695