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 ) for the most recent year follow in a. below: The relevant exchange rates ( BOY rate EOY rate Avg. rate PPE purchase date rate LTD borrowing date rate Dividend rate Historical rate (common stock and APIC) 1) are as follows: $0.97 $1.06 $1.03 $1.02 $1.05 $1.04 $0.65 For both parts a. and b. below, use a negative sign with answers to indicate a reduction. a. Translate the subsidiary's income statement, statement of retained earnings, balance sheet, and statement of cash flows into suS using the current-rate method (assume that the BOY Retained Earnings is $297,562. Round all answers to the nearest dollar (for part a. only