4. On January 1, 20X1, Pat Company formed a foreign subsidiary. On February 15,201, Pat's subsidiary purchased 100,000 local currency units (LCU) of inventory. Of the original inventory purchased on February 15, 20X1, 25,000 LCU made up the entire inventory on Defember 31,201. The exchange rates were 2.2LCU=$1 from January 1,201, to June 30.201, and 2LCU=$1 from July 1 , 20X1, to December 31, 20X1. The December 31,201, trventory balance for Pat's foreign subsidiary should be restated in U.S. dollars in the amount of: Note: Round your final answers to nearest dollar amount