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$). As of December 31, 2020, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Debit Accounts payable Credit C$ 37,530 Accumulated depreciation 40,000 Buildings and equipment C$ 180,000 Cash 39,000) Common stock. 63,000 Cost of goods sold 216,000 Depreciation expense 8,200 Dividends, 4/1/20 32,000 Gain on sale of equipment, 6/1/20 6,300 Inventory 92,000 Notes payable-due in 2023 82,000 Receivables 81,000 Retained earnings, 1/1/20 Salary expense Sales 148,590 36,000 325,000 Utility expense 10,300 Branch operation 7,920 Totals C$ 702,420 C$ 702,420 Branch Operation-Mexico Debit Credit Prev