A Belgium subsidiary's beginning and ending trial balances appear below Dr (Cr) January 1 December 31 Cash, receivables Inventories Plant & equipment, net Liabilities Capital stock Retained eaninsbegin(12,000) Sales revenue Cost of sales Out-of-pocket selling & administrative expenses Depreciation expense Total E 1,500 3,000 30,000 (18,500) (4,000) E 1,200 3,500 39,000 (27.200 (4,000) (12,000) 15.000 9,500 4,000 0 0 Exchange rates ($/) are Beginning of year Average for year End of year $1.25 1.22 1.20 The subsidiary was acquired at the beginning of the year. Its sales, inventory purchases, and out-of-pocket selling and administrative expenses occurred evenly during the year. Equipment was purchased for 10,000 when the exchange rate was $1.23. Depreciation for the year includes 200 related to the equipment purchased during the year. The ending inventory was purchased at the end of the year, and the beginning inventory was purchased at the end of the previous year. If the subsidiary's functional currency is the U.S. dollar, what is remeasured depreciation expense for the year? a) $1,220 b) $1,200 c) $1,250 d) $1,246