WXYZ Inc. has a single wholly owned American subsidiary called US1 based in California, which was acquired January 1,2020 . US1 submitted its financial statements for 2020 to WXYZ. Selected exchange rates in effect throughout 2020 are shown below: US1 financial results for 2020 were as follows: US1 Financial Statements at December 31, 2020 (in U.S. dollars)