xercise 12-10 (Algo) Remeasurement with Strengthening U.S. Dollar LO 12-6, 12-7 In January 1,20xt, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment ost of Swiss francs (SFF) 68.000 . SunTime's December 31,20Xt, trial balance in SFr is as follows: Additional information 1. The receivable from Popular Creek is denominated in Swiss francs. its books show a $3.723 payable to Sunirme. 2. Purchoses of inventory goods are mode cvenly during the yeac liems in the ending irventory were purchased November t. 3. Equipmert is depreciased by the straight-line method with a 10 year Me and no residual value. A full year's depreciabion is taken in the year of acquision. The equipment was accuired on March 1 4. The dividends were declared and pad on November 1 5. Exchange rates were as follows: 6. The US dollar is the functional currency Required: a. Prepore a schedile remeasuring the December 31, 20x1, trial batance from Swiss francs to dollan Nole: if no edjustment is needed, select No enty necessary. xercise 12-10 (Algo) Remeasurement with Strengthening U.S. Dollar LO 12-6, 12-7 In January 1,20xt, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment ost of Swiss francs (SFF) 68.000 . SunTime's December 31,20Xt, trial balance in SFr is as follows: Additional information 1. The receivable from Popular Creek is denominated in Swiss francs. its books show a $3.723 payable to Sunirme. 2. Purchoses of inventory goods are mode cvenly during the yeac liems in the ending irventory were purchased November t. 3. Equipmert is depreciased by the straight-line method with a 10 year Me and no residual value. A full year's depreciabion is taken in the year of acquision. The equipment was accuired on March 1 4. The dividends were declared and pad on November 1 5. Exchange rates were as follows: 6. The US dollar is the functional currency Required: a. Prepore a schedile remeasuring the December 31, 20x1, trial batance from Swiss francs to dollan Nole: if no edjustment is needed, select No enty necessary