Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2020, have been restated into U. S. dollars as follows: Restated at Current Rates Historical Rates Accounts receivable $47,500 $ 45,000Notes receivable- long term $95,000 $90,000Inventory (at NRV) $76,000 $77,000Land $57,000 $54,000Equipment (net) $142,500 $135,000Total $418,000 $401,000Assuming the functional currency of the subsidiary is the local currency, what total should be included in Parker's consolidated balance sheet at December 31, 2020, for the above items

In its first year of operations, sunland company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. the remaining $21,900 was received in cash from customers. the company incurred operating expenses of $18,600. of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. in addition, sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.