Pacific Imports, a U $\text { Liabilities and Stockholders' Equity }$

Pacific Imports, a U.S. company, acquired a wholly-owned subsidiary located in Singapore, on January 1, 2020 for S$400,000. The subsidiary's functional currency is the Singapore dollar (S$). The balance sheet of the subsidiary at the date of acquisition was as follows:
Assets
$\begin{array}{lr}\text { Current assets } & \$ \$ 60,000 \\\text { Noncurrent assets, net } & 300,000 \\\quad \text { Total assets } & \underline{\underline{S \$ 360,000}}\end{array}$

$\text { Liabilities and Stockholders' Equity }$
$\begin{array}{lr}\text { Liabilities } & \$ \$ 120,000 \\\text { Capital stock } & 160,000 \\\text { Retained earnings } & 80,000 \\\text { Total liabilities and stockholders' equity } & \underline{\underline{S\$ 360,000}}\end{array}$ Appropriate revaluations of the subsidiary's assets at the date of acquisition are as follows:
•Inventories are undervalued by S$1,000. Inventories were sold in 2020.
•Noncurrent assets are undervalued by S$20,000. The noncurrent assets have a 10-year remaining life, straight-line.
•Identifiable indefinite life intangible assets, previously unreported, have a fair value of S$10,000.
During 2020, there was no impairment of any assets. The exchange rate on January 1, 2020 was $0.75/S$. The average rate for 2020 was $0.77/S$, and the rate at the end of 2020 was $0.80/S$.
Required
Prepare eliminating entries (E), (R) and (O) necessary to consolidate the December 31, 2020 trial balances of Pacific Imports and its Singapore subsidiary.