ABC Inc. has a single wholly owned American subsidiary called US1 based in Los Angeles, California, which was acquired January 1,2020. US1 submitted its financial statements for 2020 to ABC. Selected exchange rates in effect throughout 2020 are shown below: US1 financial results for 2020 were as follows. US1. Financial Statements at December 31,2020 (in U.S. dollars) Sales, purchases, bond interest, and other expenses occurred evenly throughout the year. US1 is considered to be a foreign subsidiary that has the same functional currency as ABC inc:'s functional curren. Sales, purchases, bond interest, and other expenses occurred evenly throughout the year. US1 is considered to be a foreign subsidiary that has the same functional currency as ABC Inc.'s functional currency. What is the amount (in Canadian dollars) of US1's net income (USS500,000) not including the exchange gain or loss from the translation of the financial statements? Select one: A. $422,500. B. $412,500. C. $421,000. D. $414,000