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On January 1, 201, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 60,000. SunTime's December 31, 20X1, trial balance in SFr is as follows: Additional Information 1. The receivable from Popular Creek is denominated in Swiss francs. Its books show a $4,000 payable to SunTime. 2. Purchases of inventory goods are made evenly during the year. Items in the ending inventory were purchased November 1. 3. Equipment is depreciated by the straight-line method with a 10-year life and no residual value. A full year's depreciation is taken in the year of acquisition. The equipment was acquired on March 1. 4. The dividends were declared and paid on November 1 . 5. Exchange rates were as follows: 6. The U.S. dollar is the functional currency. Required: a. Prepare a schedule remeasuring the December 31,201, trial balance from Swiss francs to dollars. Note: If no adjustment is needed, select 'No entry necessary'. SUNIIME CUMPANY Trial Balance Remeasurement Schedule \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ December 31,201} & \\ \hline Cash & \\ \hline Accounts receivable (net) \\ \hline Receivable from Popular Creek \\ \hline Inventory & \\ \hline Plant and equipment & \\ \hline Cost of goods sold & \\ \hline Depreciation expense & \\ \hline Operating expense & \\ \hline Dividends paid & \\ \hline Total & \\ \hline & \\ \hline Total debits & \\ \hline Accumulated depreciation \\ \hline Accounts payable & \\ \hline Bonds payable & \\ \hline Common stock & \\ \hline Sales & \\ \hline Total & \\ \hline Total credits & \\ \hline \end{tabular}

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