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: US:-financial results for 2020 were as follows: US1 Financial Statements at December 31,2020 (in US, dollars) Sales. purchases, bond interest, and other expenses occurred evenly throughout the year. USt is considered to be a foreign subsidiary that has the same functional currency as ABC inc 's functional currency. Which of the followng rates would be used to transiate the company's beginning retained earnings? 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 Inci's functional currency. Which of the following rates would be used to translate the company's beginning retained earnings? Select one A. US51= CDNS0.825 B. U551=CDN50.815 (C) USST = CDNS0.8175 D. USS1 = CDNSO. 83