Translate Simbel's 2020 financial statements into U.S. dollars and prepare a consolidation worksheet for Cayce and its Egyptian subsidiary. Assume that the Egyptian pound is the subsidiary's functional currency. Complete this question by entering your answers in the tabs below. Translation Worksheet Consolidation Worksheet Prepare a Translation worksheet. (Round "Exchange Rate" answers to 3 decimal places. Round your "Dollars" answers to the nearest whole number. Input all amounts as positive values.) CAYCE CORPORATION Exchange U.S. Dollars Rate 0.274 0.274 224,269 117,738 0.274 0.274 0.274 20,714 9,974 16,495 0.273 0.000 9,282 68,630 39,164 68,630 14,850 92,944 0.275 TRANSLATION WORKSHEET Egyptian Account Pounds Sales 818,500 Cost of goods sold 429,700 Salary expense 75,600 Rent expense (adjusted) 36,400 Other expenses 60,200 Gain on sale of building, 10/1/20 34,000 Net income 250,600 Retained earnings, 1/1/20 136,200 Net income 250,600 Dividends 54,000 Retained earnings, 12/31/20 332,800 Cash and receivables 150,400 Inventory 305,800 Prepaid expenses (adjusted) 10,400 Property, plant, and equipment (net) 459,000 Total assets 925,600 Accounts payable 55,200 Notes payable-due in 2023 141,200 Common stock 244,000 Additional paid-in capital 152,400 Retained earnings, 12/31/20 332,800 Subtotal 925,600 Cumulative translation adjustment 0 Total liabilities and equities 925,600 0.270 40,608 82,566 0.270 0.270 2,808 0.270 0.270 0.270 123,930 249,912 14,904 38,124 73,200 45,720 92,944 264,892 0.300 0.300 0.000 264,892 Translate Simbel's 2020 financial statements into U.S. dollars and prepare a consolidation worksheet for Cayce and its Egyptian subsidiary. Assume that the Egyptian pound is the subsidiary's functional currency. Complete this question by entering your answers in the tabs below. Translation Worksheet Consolidation Worksheet Prepare a Consolidation worksheet. (Round "Exchange Rate" answers to 3 decimal places. Input all amounts as positive values.) CAYCE CORPORATION Consolidation Worksheet Consolidation Entries Consolidated Balances Account Cayce Dollars Simbel Dollars Debit Credit Dollars 0 0 0 0 0 0 Sales Cost of goods sold Salary expense Rent expense Other expenses Dividend income from Simbel Gain on sale of building, 10/1/20 Net income Retained earnings, 1/1/20 Net income Dividends Retained earnings, 12/31/20 Cash and receivables Inventory Prepaid expenses Investment in Simbel (initial value) Property, plant, and equipment (net) Total assets Accounts payable Notes payabledue in 2023 Common stock Additional paid-in capital Retained earnings, 12/31/20 Subtotal Cumulative translation adjustment Total liabilities and equities 0 0 0 0 0 0 0 0 0 0 0