Sultan's and Company began operating a subsidiary in a foreign country on January 1, 2017. by Investing capital in the amount of 55,000 pounds. The subsidiary immediately borrowed 136,000 pounds on a five-year note with 10 percent interest payable annually beginning on January 1, 2018. The subsidiary then purchased for 192000 pounds a building that had a 10-year expected to anno salvege value and is to be depreciated using the straight line method. Also on January 1, 2017, the subsidiary rented the building for three years to a group of local attorneys for 7,500 pounds per month. By year-end, rent payments totalling 75,000 pounds had been received, and 15.000 pounds was in accounts receivable. On October 14400 pounds was paid for repair made to the bullding. The subsidiary transferred a cash dividend of 11,900 pounds back to Sullivan's Island Company on December 31, 2017. The functional currency for the subsidiary the pound. Currency exchange rates for 1 pound follow January 1, 2017 October 1, 2017 December 31, 2017 Average for 2017 $ 2.29. 1 Pound 2.25 - 1 2.28 - 1 2.24. 1 Prepare a ststement of cash flows in pounds for Sullivan's Island Company's foreign subsidiary and then translate these smounts into U.S. dollars. (Round your exchange rate answers to 2 decimal places. Amounts to be deducted and cash outflows should be Indicated with minus sign.) XULLIVAN BI BLAND COMPANY Batement of Cash Flow Pounds Exchange Rate U.B. Dollars Operating Activities Cash flow from operating activities Investing Activities: Cash flow from investing activities Financing Activities Cash flow from trading act Me Eitect of exchange rate change on cash Beginning balance in Ending balance in cas