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$). As of December 31, 2020, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Debit Credit Accounts payable Accumulated depreciation Buildings and equipment Cash C$ 59,360 50,000 C$ 190,000 49,000 Common stock 73,000 Cost of goods sold 226,000 Depreciation expense 9,200 Dividends, 4/1/20 42,000 Gain on sale of equipment, 6/1/20 7,300 Inventory 102,000 Notes payable-due in 2023 92,000 Receivables Retained earnings, 1/1/20 Salary expense Sales Utility expense 91,000 158,590 46,000 335,000 11,300 Branch operation Totals 8,750 C$ 775,250 C$ 775,250 Branch Operation-Mexico Debit Credit Accounts payable Ps 79,800 Accumulated depreciation 56,300 Building and equipment Cash Ps 63,000 70,500 Depreciation expense Inventory (beginning-income statement) Inventory (ending-income statement) Inventory (ending-balance sheet) Purchases Receivables Salary expense Sales Main office Totals 4,300 46,000 39,500 39,500 80,000 44,000 11,300 147,000 36,000 PS 358,600 Ps 358,600