12. Parent, a US entity, has a subsidiary, Subsidiary, located in a foreign country. Subsidiary prepared the following financial information in its local currency, the FCU, year: for the current fiscal Sales Cost of Goods Sold 12,000 4,000 1,000 3,000 4,000 4,000 Depreciation Expense Other Expenses Net Income Comprehensive Income Retained Earnings- Beginning 6,000 Balance Dividends Declared Cash & Accounts Receivable 2,000 Inventory Fixed Assets Liabilities Common Stock 1,000 6,000 10,000 2,000 7,000 The following exchange rates were available: Historic exchange rate when Subsidiary was established by 1 FCU- $1.200 Parent Historic exchange rate when Subsidiary's fixed assets were 1 FCU $1,250 acquired Weighted average exchange rate for current year end Spot exchange rate at date dividend declared Spot exchange rate at current year end 1 FCU $1.300 1 FCU $1.290 1 FCU $1.310 What is Subsidiary's inventory amount in US dollars