Certain balance sheet accounts of a foreign subsidiary of the Tulip Co. had been stated in U.S. dollars as follows: 
If the U.S. dollar is the functional currency of this subsidiary, what total amount should be included in Tulip's balance sheet in U.S. dollars?
Definitions:
Net Income
Net income, also known as net profit, is the total earnings of a company after all expenses and taxes have been deducted from revenue.
Planning Assumptions
The set of hypotheses upon which a plan or strategy is built, regarding future market conditions, costs, or other factors.
Negative Net Income
A financial situation where a company's total expenses exceed its revenues, leading to a loss.
Extra Money
Extra money refers to funds that are available beyond what is needed for regular expenses, savings, or immediate commitments.
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