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$). As of December 31, 2020, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Accounts payable Buildings and equipment Cash Accumulated depreciation Debit Credit C$ 23,770 34,000 C$ 174,000 33,000 Common stock 57,000 Cost of goods sold 210,000 Depreciation expense 7,600 Dividends, 4/1/20 26,000 Gain on sale of equipment, 6/1/20 5,700 Inventory 86,000 Notes payable-due in 2023 76,000 Receivables Salary expense Sales Utility expense Branch operation 75,000 Retained earnings, 1/1/20 142,590 30,000 319,000 9,700 6,760 Totals C$ 658,060 C$ 658,060 Branch Operation-Mexico Debit Credit Accounts payable Accumulated depreciation Building and equipment Cash Ps 53,200 22,700 Ps 47,000 62,500 Depreciation expense Inventory (beginning-income statement) Inventory (ending-income statement) Inventory (ending-balance sheet) Purchases Receivables Salary expense Sales Main office Totals 2,700 30,000 31,500 31,500 64,000 28,000 9,700 131,000 37,000 Ps 275,400 Ps 275,400