15. Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2010. Selected account balances are available for the year ended December 31, 2011, and are stated in euro, the local currency 400,000 20,000 90,000 Sales Inventory (bought on February 1, 2011) Equipment (bought on January 1, 2010) Dividends (paid on September 1, 2011) Accumulated depreciation -Equipment 12/31/11 20,000 45,000 9,000 Depreciation expense - Equipment, 2 Relevant exchange rates for 1 euro are given below January 1, 2010 January 1, 2011 February 1, 2011 September 1, 2011 December 31, 2011 4h quarter average, 2010 4th quarter average, 2011 Average, 2011 S 91 93 94 97 1.01 90 98 95 Assume the functional currency is the U.S. dollar, compute the U.S. balance sheet amount for inventory. at cost, for 2011 o $18.800 O $19,600 O $18,000 O $20,200 O $19,000