Use the Information in Problem 23 for Penn Corporation and Its

Use the information in Problem 23 for Penn Corporation and its subsidiary Stockard Co. It is now December 31, 2020 (one year after the acquisition). The trial balances of Penn and Stockard at December 31, 2020, in U.S. dollars and ringgits, respectively, are as follows:
$\begin{array}{|l|c|c|}\hline & \begin{array}{c}\text { Penn } \\\text { Dr (Cr) }\end{array} & \begin{array}{c} \text { Stockard } \\\text { Dr (Cr) }\end{array} \\\hline \text { Cash \& receivables } & 7,400 & 600 \\\hline \text { Irventories } & 3,100 & 2,900 \\\hline \text { Property, plant and equipment, net } & 24,500 & 16,500 \\\hline \text { Irvestment in Stockard } & 25,020 & -- \\\hline \text { Liabilities } & \{41,000\} & \{13,000\} \\\hline \text { Capital stock } & \{10,000\} & \{200\} \\\hline \text { Retained earnings, beginning } & \{5,000\} & \{1,800\} \\\hline \text { Equity in net income of Stockard } & \{220\} & -- \\\hline \text { Equity in OCL of Stockard } & 200 & -- \\\hline \text { Sales revenue } & \{125,000\} & \{54,000\} \\\hline \text { Expenses } & 121,000 & 49,000 \\\hline \text { Total } & \$\quad0 & \mathrm{RM}\quad0 \\\hline\end{array}$
Additional information:
1. The revaluation of intangibles is to be straight-line amortized over 10 years. There is no impairment of goodwill for 2020.
2. The average exchange rate for 2020 is $0.22/RM, and the December 31, 2020 exchange rate is $0.20/RM.
3. Stockard's functional currency is the ringgit.
Required
a. Translate Stockard's December 31, 2020 trial balance into U.S. dollars.
b. Verify Penn's December 31, 2020 balances for Investment in Stockard, equity in net income of Stockard, and equity in other comprehensive loss of Stockard.
c. Prepare a working paper to consolidate the December 31, 2020 trial balances of Penn and Stockard.