Use the following information to answer questions $17$ and $18.$

Soho Corporation of Britain is $100\%$ owned subsidiary of Pluto Corporation, a U$.$S$.$ firm. Soho's ending inventory was reported

as $10,000$ British Pounds. This inventory was acquired when the exchange rate was $$0\mathrm{.}71.$ The weighted average rate for the

current year was $$0\mathrm{.}72,$ and the current exchange rate on the balance sheet date is $$0\mathrm{.}75$

Inventory will be reported at the following amount on translated financial statements:

Answe

Inventory will be reported at the following amount on remeasured financial statements:

Answer: