On January 1, 2017, Roswell Systems, a U.S.-based company, purchased a controlling interest in Bern Management Consultants located in Bern, Switzerland. The acquisition was treated as a purchase transaction. The 2017 financial statements stated in Swiss francs are given below. 
Direct exchange rates for Swiss franc are: 
Required:
A. Translate the year-end balance sheet and income statement of the foreign subsidiary using the current rate method of translation.
B. Prepare a schedule to verify the translation adjustment.
Definitions:
Social Class
A division of a society based on social and economic status, often influencing one's opportunities, lifestyle, and social interactions.
Social Classes
Distinct groups in society that are ranked based on factors like wealth, occupation, and social status, influencing one's opportunities and life experiences.
Acquired Resources
Assets or resources gained through one's own efforts, purchases, or investments, rather than inherited.
Relative Poverty
A situation where an individual or group lacks basic resources for survival when compared with other people in the society as a whole; relative standard of living when measured to others.
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