Show all work for part a and part b

On January 1 2023. pylon Corporation acquired all of the outstanding stock of Satay Company. a firm in Thailand, at a cost of 1.250.000 bahts (the baht is the currency in Thailand). The book value of the net assets of Satay on that date was 1.060,000 bahts and the differential is solely due to the fair value of equiprnent being different than book value. pad Thai is depreciating equipment over a ten year period. Exchange rates 2023 were: 01/01/23 07/01/23 11/30/23 12/31/23 2023 Average S 024 S 026 S 023 S 022 (date of dividends) (date of inventory purchase) Assume that the ftmctional currency of Satay is in question. Pylonrs accountants have been asked to prepare a trial balance on January 1 , 2023 under translation (it the functional currency is the Thai baht) and a trial balance on January 1.2023 under remeasurement (if the functional is the US ddlar) and those trial balances below. Account Title Accounts Receivable Inventory Plant and cost of Goods Sold Operating Expenses Depreciatbn Expense Dividends Subtotal Translation Adjustment Remeasurement LOSS Total Debits Accumlated Depreciation Accounts payable Notes payable Common Stock Sales Total Credits Balance (bah ts) 510.000 250,000 270.000 600.000 500 .ooo 100.000 50.000 40.000 320 150,000 200,000 190,000 760,000 300,000 720 ooo Rate 0.23 023 023 023 02 02 02 026 023 023 023 024 024 022 Trans Balance ( $) S 117,300 57.500 62,100 138,000 110,000 22,000 11,000 10,400 S 528,300 8.700 s 537.000 S 34,500 46.000 43,700 182,400 72,000 158 400 S 537 .ooo Rate 023 023 021 024 022 024 026 024 023 023 024 024 022 Balance ($1 S 117.300 57.500 56.700 144.000 80,000 22,000 12.000 10.400 S 499.900 38.600 S 36.000 46.000 43.700 182.400 72.000 158 400 s 538.500 t*en as Wven hem part A: Journalize all entries that pybn would record to the Investment in Satay Cornpany account dwing 2023 under the equity method assuming the functional currency of Satay is the Thai baht.