Sullivan's Island Company began operating a subsidiary in a foreign country on January $1,2024,$ by investing capital in the amount of $77,000$ pounds. The subsidiary immediately borrowed $147,000$ pounds on a five$-$year note with $10$ percent interest payable annually beginning on January $1,2025.$ The subsidiary then purchased for $224,000$ pounds a building that had a $10-$year expected life and no salvage value and is to be depreciated using the straight$-$line method. Also on January $1,2024,$ the subsidiary rented the building for three years to a group of local attorneys for $8,400$ pounds per month. By year$-$end, rent payments totaling $84,000$ pounds had been received, and $16,800$ pounds was in accounts receivable. On October $1,2024,3,800$ pounds was paid for a repair made to the building. The subsidiary transferred a cash dividend of $12,700$ pounds back to Sullivan's Island Company on December $31,2024.$ The functional currency for the subsidiary is the pound. Currency exchange rates for $1$ pound follow:

January $1,2024$

$

$2\mathrm{.}10=1$ Pound

$2\mathrm{.}15=1$ Pound

$2\mathrm{.}18=1$ Pound

$2\mathrm{.}14=1$ Pound

$2\mathrm{.}10=1$ Pound

October $1,2024$

$2\mathrm{.}15=1$ Pound

December $31,2024$

$2\mathrm{.}18=1$ Pound

Average for $2024$

$2\mathrm{.}14=1$ Pound

Required:

Prepare a statement of cash flows in pounds for Sullivan's Island Company's foreign subsidiary, and then translate this statement into U$.$S$.$ dollars.

Note: Round your exchange rate answers to $2$ decimal places. Amounts to be deducted and cash outflows sho$$ld be indicated with minus sign.

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