Translation of financial statements A U.S.-based MNC has a subsidiary in France (local currency, euro,) The balance sheet and income statement of the subsidiary follow. On December 31, 2015, the exchange rate is US$1.20/. Assume that the local (euro) figures for the statements remain the same on December 31, 2016. Calculate the U.S. dollar-translated figures for the two ending time periods, assuming that between December 31, 2015, and December 31, 2016, the euro has appreciated against the U.S. dollar by 6%