At the end of the accounting period the subsidiary reports the following trial balance:

The relevant exchange rates during the year are as follows:

January 1: 1SF=$1.71
Weighted average: 1SF=$1.64
December 31: 1SF=$1.62

Under the temporal method, reported sales for the subsidiary are

Explanation: Like the current rate method, sales are translated at the average exchange rate of $1.64 for a total of $41,000.