Complete the subsequent worksheet, assuming that on 1^st January, 2011, Weiss Corporation purchased Rock Corporation. Rock's functional currency is FC.

Date Relevant Exchange Rates
January 1, 2011 1 FC = $0.25
January 1, 2014 1 FC = $0.30
March 31, 2014 1 FC = $0.40
December 31, 2014 1 FC = $0.50
Weighted average 2014 1 FC = $0.37

Rock Corporation
For the Year Ended December 31, 2014

FC Rate Dollars
Income Statement
Net sales FC 2,000,000 $ 
Costs and expenses 800,000
Net income FC 1,200,000 $ 

Statement of Retained Earnings
Retained earnings, beginning of year FC 6,500,000 $1,300,000
Net income 1,200,000
Subtotal FC 7,700,000 $ 
Dividends (declared on March 31) 1,000,000
Retained earnings, end of year FC 6,700,000 $ 

Balance Sheet
Assets:
Current assets FC 3,000,000 $ 
Plant assets (net)
(purchased January 1, 20X1) 55,000,000
Total assets FC 58,000,000 $ 

Liabilities and Stockholders' Equity:
Current liabilities FC 4,000,000 $ 
Long-term debt 25,000,000
Common stock (issued January 1, 2011) 5,000,000
Paid-in capital in excess of par 17,300,000
Retained earnings 6,700,000
Cumulative translation adjustments
Total liabilities and stockholders' equity FC 58,000,000 $