Translation and Remeasurement Gain and Loss sidiary of Costco Wholesale Corporation, a U.S. company. Assume that the following data relate to 4 Costco Canada Holdings is a Canadian sub- LO 1 Costco Canada's activities for 2020 (in millions). Net monetary assets (liabilities), January 1,2020 Acquisition of plant assets for debt, February 15, 2020 Purchase of inventory made evenly during 2020................................... Collection of receivables outstanding at January 1, 2020..... Sales made evenly during 2020.... . . . . . ...._ CS 700 1,000 3,500 2,700 6,000 3,300 400 Depreciation of assets acquired when the exchange rate was $0.85/cs. . . . . . . . . . . . . Current operating expenses (excluding depreciation and amortization), 1,200 Refinancing or "rollover" of commercial paper