A U.S. company operates a 100%-owned British subsidiary. The U.S. dollar is the functional currency of the subsidiary. Financial statements for the subsidiary for the fiscal year-end Dec. 31, 2010 are as follows: Equipment, before year's depreciation, of 360,000 pounds was acquired July 1, 2007 and of 90,000 pounds was acquired June 30, 2010. Depreciation for the period was as follows: The beginning inventory was acquired when the exchange rate was $1, 366. The inventory is valued on a FIFO basis. Purchases and the ending inventory were acquired evenly throughout the period. Dividends were paid by the subsidiary on June 30 amounting to 110,000 pounds. Sales were made and all expenses were incurred uniformly throughout the year. Exchange rates for the pound on various dates were: Compute the dollar amount that each of the following would be reported in the 2010 financial statements: Cost of Goods Sold Depreciation Expense Equipment