Use the information below to (a) translate the year-end financial statements of Perfect Company, the foreign subsidiary, using the temporal method, and (b) prepare a schedule to compute the translation gain or loss for Perfect Company.Round numbers to the nearest dollar.
On January 2, 2014, Design Inc., a U.S.parent company, purchased a 100% interest in Perfect Company, a subdivision located in Switzerland.The purchase method of accounting was used to account for the acquisition.The 2014 financial statements for Perfect Company, the subsidiary, in Swiss francs were as follows: 
Definitions:
Customer Profile
A detailed description of the characteristics, behaviors, and demographics of a business's typical customers.
Analogy
A comparison between two different situations that have something in common.
Simile
A figure of speech that makes a comparison between two different things using "like" or "as" to create a vivid description.
Credibility
A salesperson’s believability, established through empathy, willingness to listen to specific needs, and continual enthusiasm toward his or her work and the customer’s business.
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