Sendelbach Corporation is a US-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 (CS). 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 Nain Operation-Canada Accounts payable Buildings and equipment Cash Accumulated depreciation Debit Credit C$ 33,390 38,000 C$ 178,000 37,000 Common stock 61,000 Cost of goods sold 214,000 Depreciation expense 6,000 Dividends, 4/1/20 30,000 Gain on sale of equipment, 6/1/20 6,100 Inventory 90,000 Notes payable-due in 2023 00,000 Receivables 79,000 Retained earnings, 1/1/20 Salary expense Sales 146,500 34,000 323,000 Utility expense Branch operation 10,100 7,00 Totals C$ 68,000 CS 666,000 Branch Operation-hexico Debit Credit Accounts payable Accumulated depreciation 16,100 suflidine and esuloment Ps 51.000 ELY 1 of 2 Next >>