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$). As of December 31, 2020, the subsidiary is preparing financial statements in anticipation of consolidation with the U.S. parent corporation. Both ledgers for the subsidiary are as follows: Main Operation-Canada Debit Accounts payable Credit C$ 39,605 Accumulated depreciation 41,000 Buildings and equipment C$ 181,000 Cash 40,000 Common stock 64,000 Cost of goods sold 217,000 Depreciation expense 8,300 Dividends, 4/1/20 33,000 Gain on sale of equipment, 6/1/20 6,400 Inventory 93,000 Notes payable-due in 20231 83,000 Receivables 82,000 Retained earnings, 1/1/20 149,590 Salary expense Sales Utility expense Branch operation 37,000 326,000 10,400 7,895 Totals C$ 709,595 C$ 709,595 Branch Operation-Mexico Debit Credit Accounts payable Ps 64,900 Accumulated depreciation Building and equipment Cash 39,900 Ps 54,000 Depreciation expense Inventory (beginning-income statement) Inventory (ending-income statement) Inventory (ending-balance sheet) Purchases Receivables Salary expense Sales Main office Totals 66,000 3,400 37,000 35,000 35,000 71,000 35,000 10,400 Ps 311,800 138,000 34,000 Ps 311,800