Sullivan's Island Company began operating a subsidiary in a foreign country on January $1,2024,$ by investing capital in the amount of $63,000$ pounds. The subsidiary immediately borrowed $160,000$ pounds on a five$-$year note with $10$ percent interest payable annually beginning on January $1,2025.$ The subsidiary then purchased for $223,000$ 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 $7,400$ pounds per month. By year$-$end, rent payments totaling $74,000$ pounds had been received, and $14,800$ 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 $14,000$ 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:

$\backslash$table$[[$January $1,2024,\backslash$table$[[2\mathrm{.}80=1],[$Pound$]]],[$October $1,2024,\backslash$table$[[2\mathrm{.}85=1],[$Pound$]]],[$December $31,2024,\backslash$table$[[2\mathrm{.}88=1],[$Pound$]]],[$Average for $2024,\backslash$table$[[2\mathrm{.}84=1],[$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 should be indicated with minus sign.