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Lancer, Inc. (a U.S.-based company), estabilshes a subsidiary in Croatia on January 1, 2019. The following account balances for the year ending December 31, 2020, are stated in kuna (K), the local currency: The following U.S.\$ per kuna exchange rates are applicable: Lancer is preparing account balances to produce consolidated financlal statements. a. Assuming that the kuna is the functional currency, what exchange rate would be used to report each of these accounts in U.S. dollar consolidated financlal statements? b. Assuming that the U.S. dollar is the functional currency, what exchange rate would be used to report each of these accounts in U.S. dollar consolidated financial statements? (For all requirements, round your answers to 2 decimal places.) \begin{tabular}{|l|l|} \hline Sales \\ \hline Inventory \\ \hline Equipment \\ \hline Rent expense \\ \hline Notes receivable \\ \hline Accumulated depreciation-equipment \\ \hline Salary payable \\ \hline Depreciation expense \\ \hline Sales \\ \hline Inventory \\ \hline Equipment \\ \hline Rent expense \\ \hline Dividends \\ \hline Notes receivable \\ \hline Salary payable \\ \hline Depreciation expense \\ \hline Documulad depreciation-equipment \\ \hline \end{tabular}