Shoe Inc., a US Company, established a subsidiary in a foreign country on January 1, year 1 by investing $10,000 when the ZAR (FC) was $.84/ZAR. Shoe Inc. negotiated with a bank for a loan of 4,000 ZAR on January 5, year 1 and purchased plant and equipment in the amount of 9,000 ZAR. Additional exchange rates for the ZAR during the year are as follows:

January 1-31, year 1	$0.84
Average year 1	0.82
December 31, Year 1	0.75

Required: Translate the Balance Sheet for the first year of operation. The company did not pay any dividends and the translated net income for year 1 was 2,050. Fill in the blanks below. Do not use dollar signs, but do include commas. There should be no cents in your answers.

Balance Sheet

December 31, Year 1

	ZARS	US$
Assets
Cash	8,500	?
Property and Equipment	9,000	?
Less: Accumulated Depreciation	(1,000)	?
Total Assets	16,500	?
Liabilities and Equity
Long-term Debt	4,000	?
Capital Stock	10,000	?
Retained Earnings	2,500	?
Cumulative Translation Adjustment		?
Total Liabilities and stockholders equity	16,500	?