A wholly owned subsidiary of a U.S. parent company has certain expense accounts for the year ended December 31, 2011, stated in local currency units (LCU) as follows: LCU Depreciation of equipment (related assets were purchased January 1, 2009) 375,000 Provision for doubtful accounts 250,000 Rent 625,000 A The exchange rates at various dates are as follows: Time left of 1 LCU December 31, 2011 $0.50 Average for year ended December 31, 2011 0.55 January 1, 2009 0.40 Assume that the LCU is the subsidiary's functional currency and that the charges to the expense accounts occurred approximately evenly during the year. What total dollar amount should be included in the translated income statement to reflect these expenses? O a. $687,500 O b. $625,000 O c. $550,000