The financial statements of Solid Co. (a US company) are shown below for the year ended December 31,2022. Net Sales Gross Profit Selling Expense Depreciation Expense Administrative Expense Interest Expense Tax Expense Net Income Cash Accounts Receivables Inventories Fixed Assets Accumulated Depreciation Total Assets Accounts Payable Long Term Debt Common Stock Retained Earnings Other Comprehensive Income 100,000 EUR 45,000 EUR 15,000 EUR 5,000 EUR a. Translation Method b. Remeasurement Method 10,000 EUR 2,000 EUR 4,000 EUR 9,000 EUR 200,000 EUR 50,000 EUR 100,000 EUR 500,000 EUR 400,000 EUR 450,000 EUR 40,000 EUR 160,000 EUR 200,000 EUR 50,000 EUR 0 EUR Prepare the foreign currency translation from EUR to USD (Current Exchange rate 1.1$/EUR, Historical Exchange rate 1.05$/EUR, Average Exchange rate 1.07$/EUR) using: (20