Translate into dollars the balance sheet of Ohio Leather Goods' Spanish subsidiary. When Ohio Leather Goods acquired the foreign subsidiary, a euro was worth $1.08. The current exchange rate is $1 34. During the period when retained camings were eamed, the average exchange rate was $1 16 per euro BE(Click the icon to view the financial data) Requirement During the period covered by this situation, which currency was stronger, the dollar or the euro? Data Table Begin by translating the balance sheet of Ohio Leather Goods' Spanish subsidiary into U.S. dollars. Spanish Subsidiary: Exchange Rate Euros 890,000 Euros Dollars Assets 890,000 Liabilities 570,000 Assets Shareholders' equity Share capital 73,000 247,000 Liabilities 570,000 Retained earnings 890,000 Shareholders' equity Share capital 73,000 247,000 Retained earings Foreign currency Print Done translation adjustment 890,000 translation adjustment The V produced the During this period, the was stronger than the