Problem: Pirate Company acquired a foreign subsidiary, Ship Company, on December 31, 20x1. Assume that Ship Company is an integrated subsidiary. Pirate is translating Ship's financial statements at December 31, 20x2. Foreign exchange rates are as follows: December 31, 20x1 1 Euro = CAD 1.21 December 31, 20x2 1 Euro = CAD 1.31 Average for 20x2 1 Euro = CAD 1.25 June 1, 20x2 1 Euro = CAD 1.21 September 30, 20x2 1 Euro = CAD 1.32 Provide the following translated balance in Canadian dollars at December 31, 20x2 for: Account (FCU) 20x2 20x1 Bonds Payable 400,000 350,000