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4 points Save Answer Quadros Inc., a Portugese firm was acquired by a U.S. company on January 1, 2021. Selected account balances are available
4 points Save Answer Quadros Inc., a Portugese firm was acquired by a U.S. company on January 1, 2021. Selected account balances are available for the year ended December 31, 2022, and are stated in euro, the local currency. Sales Euro 400,000 Inventory (bought on February 1, 2022) 20,000 Equipment (bought on January 1, 2021) 90,000 Dividends (paid on September 1, 2022) Accumulated depreciation- equipment Depreciation expense- equipment 20,000 45,000 9,000 Relevant exchange rates are given below: January 1, 2021 S.91 January 1, 2022 .93 February 1, 2022 .94 September 1, 2022 .97 1.01 .95 December 31, 2022 Weighted Average 2022 Assume the functional currency is the U.S. dollar, compute the restated amount for sales for 2022 O a. $364,000 O b. $372,000 Oc. $380,000 O d.S360.00 D
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