On January 1, 20X1, Kiner Company formed a foreign subsidiary that issued all of its currently outstanding common stock on that date. Selected accounts from the balance sheets, all of which are shown in local currency units, are as follows:

		December 31
		20X2			20X1
Accounts Receivable (net of allowance for uncollectible
accounts of 1,300 LCU on December 31, 20X2, and
1,100 LCU on December 31, 20X1)	LCU	42,000		LCU	37,000
Inventories, at cost		66,000			61,000
Property, Plant and Equipment (net of allowance for
accumulated depreciation of 37,000 LCU on December 31,
20X2, and 15,000 LCU on December 31, 20X1)		178,500			162,000
Long-Term Debt		120,000			140,000
Common Stock, authorized 22,000 shares, par value
10 LCU per share; issued and outstanding, 11,000 shares
on December 31, 20X2, and December 31, 20X1		110,000			110,000

Additional Information:

1. Exchange rates are as follows:

	LCU		$
January 1, 20X1July 31, 20X1	2.0	=	1
August 1, 20X1October 31, 20X1	1.8	=	1
November 1, 20X1June 30, 20X2	1.7	=	1
July 1, 20X2December 31, 20X2	1.5	=	1
Average monthly rate for 20X1	1.9	=	1
Average monthly rate for 20X2	1.6	=	1

2. An analysis of the accounts receivable balance is as follows:

			20X2					20X1
Accounts Receivable:
Balance at beginning of year		LCU	38,100
Sales (42,000 LCU per month in 20X2 and 37,000 LCU per month in 20X1)			504,000				LCU	444,000
Collections			(496,000	)				(404,400	)
Write-offs (May 20X2 and December 20X1)			(2,800	)				(1,500	)
Balance at end of year		LCU	43,300				LCU	38,100

		20X2				20X1
Allowance for Uncollectible Accounts:
Balance at beginning of year	LCU	1,100
Provision for uncollectible accounts		3,000			LCU	2,600
Write-offs (May 20X2 and December 20X1)		(2,800	)			(1,500	)
Balance at end of year	LCU	1,300			LCU	1,100

3. An analysis of inventories, for which the first-in, first-out inventory method is used, follows:

		20X2				20X1
Inventory at beginning of year	LCU	61,000
Purchases (June 20X2 and June 20X1)		345,000			LCU	385,000
Goods available for sale	LCU	406,000			LCU	385,000
Inventory at end of year		(66,000	)			(61,000	)
Cost of goods sold	LCU	340,000			LCU	324,000

4. On January 1, 20X1, Kiners foreign subsidiary purchased land for 27,000 LCU and plant and equipment for 150,000 LCU. On July 4, 20X2, additional equipment was purchased for 35,000 LCU. Plant and equipment is being depreciated on a straight-line basis over a 10-year period with no residual value. A full years depreciation is taken in the year of purchase.
5. On January 15, 20X1, 7 percent bonds with a face value of 140,000 LCU were issued. These bonds mature on January 15, 20X7, and the interest is paid semiannually on July 15 and January 15. The first interest payment was made on July 15, 20X1.

Required: Prepare a schedule translating the selected accounts into U.S. dollars as of December 31, 20X1, and December 31, 20X2, respectively, assuming that the local currency unit is the foreign subsidiarys functional currency. (Round your dollar amounts to nearest whole dollar.)

KINER COMPANY'S FOREIGN SUBSIDIARY Translation of Selected Captions into United States Dollars December 31, 20X2, and December 31, 20X1 Balance Indirect Translated into in LCUs Exchange Rate U.S. Dollars December 31, 20X1: Accounts receivable (net) 37,000 Inventories, at cost 61,000 Property, plant and equipment (net) 162,000 Long-term debt 140,000 Common stock 110,000 December 31, 20X2: Accounts receivable (net) 42,000 Inventories, at cost 66,000 Property, plant and equipment (net) 178,500 Long-term debt 120,000 Common stock 110,000