5. The Jem Company used the current rate method when translating foreign currency amounts at December 31, 2016. At that time, Jem had foreign subsidiaries with 1,500,000 local currency units in long-term receivables and 2,400,000 LCU in long-term debt. The rate of exchange in effect when the specific transactions occurred involving those foreign currency amounts was 2 LCU to $1. The rate of exchange in effect at December 31, 2016, was 1.5 LCU to $1. The translation of these foreign currency amounts into U.S. dollars would result in long-term receivables and long-term debt, respectively, of:

a $750,000 and $1,200,000 b $750,000 and $1,600,000 c $1,000,000 and $1,200,000 d $1,000,000 and $1,600,000