The following U.S.\$ per kuna exchange rates are applicable Lancer is preparing account balances to produce consolidated financial 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 financial 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? Account Exchange Rate a. Sales \begin{tabular}{|l|l|} \hline Inventory & \\ \hline Equipment \\ \hline & Rent expense \\ \hline & Dividends \\ \hline & Notes receivable \\ \hline & Accumulated depreciation-equipment \\ \hline & Salary payable \\ \hline & Depreciation expense \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline b. & Sales \\ \hline & Inventory \\ \hline & Equipment \\ \hline & Rent expense \\ \hline & Dividends \\ \hline & Notes receivable \\ \hline & Accumulated depreciation-equipment \\ \hline & Salary payable \\ \hline & Depreciation expense \\ \hline \end{tabular} The following U.S.\$ per kuna exchange rates are applicable Lancer is preparing account balances to produce consolidated financial 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 financial 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? Account Exchange Rate a. Sales \begin{tabular}{|l|l|} \hline Inventory & \\ \hline Equipment \\ \hline & Rent expense \\ \hline & Dividends \\ \hline & Notes receivable \\ \hline & Accumulated depreciation-equipment \\ \hline & Salary payable \\ \hline & Depreciation expense \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline b. & Sales \\ \hline & Inventory \\ \hline & Equipment \\ \hline & Rent expense \\ \hline & Dividends \\ \hline & Notes receivable \\ \hline & Accumulated depreciation-equipment \\ \hline & Salary payable \\ \hline & Depreciation expense \\ \hline \end{tabular}