A U$.$S$.$ parent acquired all of the stock of an Italian subsidiary on January $1,2023,$ for $1,500,000.$ The excess paid over book value was

attributed to goodwill, which was impaired by $50,000$ during $2023.$ The subsidiary's January $1$ and December $31,2023,$ trial balances

are as follows, in euros:

Sales, purchases, and recurring out$-$of$-$pocket expenses occurred evenly throughout the year. The subsidiary's beginning inventory for

$2023$ was purchased at the end of $2022.$ The subsidiary did not purchase any plant & equipment during $2023.$ Exchange rates $($$$/)$ are:

When consolidating the subsidiary's trial balance accounts with those of the parent, if the subsidiary's functional currency is the euro,

eliminating entry $(E)$ credits the parent's investment account by