Translation of financial statements Assume that your company owns a subsidiary operating in France. The subsidiary conducts most of its business activities in the European Economic Union and maintains its books in the Euro as its functional currency. The subsidiary's financial statements (in 6 ) for the most recent year follow in part a. below: The relevant exchange rates (S:E1) are as follows: For both parts a. and b, below, use a negative sign with answers to indicate a reduction. Retained Earnings is $317,562 Round all answers to the nearest dollar (for part a. only). b. Compute the ending Cumulative Translation Adjustment directly, assuming a BOY balance of $100,375,50. Do not round your answers for part b