On January 2, 2019, Maddox Corporation, headquartered in the U.S., established a wholly- owned subsidiary in Mexico City. An initial investment of P10,000,000 was made on that date; the exchange rate was $0.05/peso. During 2019, the following cash transactions occurred at the Mexico City subsidiary. All amounts are in pesos (P). Facilities Costs (01/02; 5 year life) (P) 1,000,000 Purchase of office equip (04/01; 10 year life) (P) 300,000 Sales (P) 12,000,000 Merchandise purchases (P) 9,000,000 Operating expenses (P) 3,000,000 The exchange rate was $0.06/P in April when the office requipment and P3,000,000 of merchandise were purchased. Sales, other merchandise purchases, and operating expenses were assumed to have been made or incurred at an average exchange rate of $0.07/P. At year- end, the exchange rate was $0.08/P and the ending innventory (FIFO) amounted to P2,000,000, purchased when the exchange rate was $0.07/P. All depreciation and amortization is straight- line. Required: A. Prepare the preclosing trial balance for the Mexico City subsidiary as of December 31, 2019, in U.S. dollars, the subsidiary's functional currency. Show all calculations. B. Now assume the subsidiary's functional currency is the peso. Prepare the subsidiary's December 31, 2019, preclosing trial balance, in U.S. dollars