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Assume that the subsidiary's functional currency is the rial (R). Prepare a trial balance for it in U.S. dollars so that 2020 consolidated financial statements can be prepared. Kingstield establishes a subsidiary operation in a foreign country on January 1,2020 . The country's currency is the rial (R). To start this business, Kingsfieid Invests 10,000 rlals. Of this amount, It spends 3,000 rlals immedlately to acquire equipment. Later, on April 1, 2020 , It also purchases land. All subsidiary operational activities occur at an even rate throughout the year. Kingsfield uses the U.S. dollar as its reporting currency. The U.S. dollar (\$) exchange rates for the rial for 2020 follow. As of December 31,2020 , the subsidlary reports the following trial balance: a. Assume that the subsidiary's functional currency is the rial (R). Prepare a trial balance for it in U.S. dollars so that 2020 consolidated financlal statements can be prepared. b. Assume that the subsidiary's functional currency is the U.S. dollar. Prepare a trial balance for it in U.S. dollars so that 2020 consolidated financlal statements can be prepared. Assume that the subsidiary's functional currency is the U.S. dollar. Prepare a trial balance for it in U.S. dollars 50 that 2020 consolidated financial statements can be prepared