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$). As of December 31, 2020, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Debit Accounts payable Accumulated depreciation Credit C$ 27,510 36,000 Buildings and equipment C$ 176,000 Cash 35,000 Common stock 59,000 Cost of goods sold 212,000 Depreciation expense 7,800 Dividends, 4/1/20 28,000 Gain on sale of equipment, 6/1/20 5,900 Inventory 88,000 Notes payable-due in 2023 78,000 Receivables 77,000 Retained earnings, 1/1/20 Salary expense Sales Utility expense Branch operation 144,590 32,000 321,000 9,900 6,300 Totals C$ 672,000 C$ 672,000 Branch Operation-Mexico Debit Credit Accounts payable Ps 58,400 Accumulated depreciation 22,900 Building and equipment Cash Ps 49,000 63,500 Depreciation expense Inventory (beginning-income statement) Inventory (ending-income statement) Inventory (ending-balance sheet) Purchases Receivables 2,900 32,000 32,500 32,500 66,000 30,000 Salary expense Sales 9,900 Main office Totals 133,000 39,000 Ps 285,800 Ps 285,800