A subsidiary of Elder Inc., a U.S. company, was located in a foreign country. The local currency and the functional currency of this subsidiary was the Euro (). The subsidiary acquired Equipment A on January 1, 2019, for 300,000. Depreciation expense associated with Equipment A was 30,000 per year. On January 1, 2020, the subsidiary acquired Equipment B for 175,000 and Equipment B had associated depreciation expense of 12,000. The subsidiary owned no other depreciable assets. Currency exchange rates between the U.S. dollar and the Euro were as follows: 1/1/2019 1=$1.15 12/31/2019 1=$1.19 2019 Average 1=$1.18 1/1/2020 1=$1.26 12/31/2020 1=$1.27 2020 Average 1=$1.28 The amount that should be reported for equipment, net of accumulated depreciation, owned by the subsidiary in Elder's consolidated balance sheet at December 31, 2020 is _____.