18 (4 points) Avasarla, Ltd. is a foreign subsidiary of a domestic company and Avasarala Ltd.'s functional currency is the Euro. On Avasarala Ltd.'s financials at the end of the year 202X, they reported 50,000 in inventory. If the spot rate on 1/1/2X was 1 = $1.06, the spot rate on 12/31/2X was 1 $1.10, and the weighted average rate for the full year 202X was 1 - $1.15, how much is the translated balance of inventory in U.S. $ at year-end? a) $57,500 b) $55,000 c) $53,000