Bell Ltd. a US firm, paid $308,000 for all the common stock of Bangkok of Thailand on January 1. 2011. when the exchange rate for Bath was $0.35. Bangkok's equity on this date consisted of 500.000 Bath common stock and 300.000 Bath retained earnings. the $28,000 (80,000 Bath) excess attributable to a patent with 10 year amortization period. Bangkok's functional currency is Bat Bangkok's adjusted trial balance at December 31,2011, in Bath is at follows On January 2. 2011. Bell advanced $42,000 (120.000 Bath) to Bangkok. This advance was short term, denominated in US dollars, and made when the exchange rate for Bath was $0.35. In June 2011, Bankok paid a 100.000 Bath dividend when the exchange rate was S0.33. The average and year-end exchange rates for Bath an- $0 32 and $0.30 respectively. Prepare a worksheet to translate Bangkok's adjusted trial balance at December 31. 2011 into US dollars. Prepare the necessary journal entries for Bell to account for its investment in Bangkok for 2011.