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: January 1, 2020 December 31, 2020: Average for 2020: Date of Purchase of Inventory on Hand: Date Dividends were declared: US $1 US $1 US $1 - US $1 = CON $0.815 CDN $0.8175 CDN $0.825 CDN $0.83 US $1 = CDN $0.8125 US1 financial results for 2020 were as follows: US1 Financial Statements at December 31, 2020 (in U.S. dollars) Income Statement: Sales Cost of Sales Depreciation Expense $5,000,000 $3,500,000 Cash Accounts Receivable Inventory Plant and Equipment (net) Current Liabilities Bonds Payable Common Shares Retained Earnings $1,200,000 $1,900,000 $700,000 ($500,000 January 1, 2020) $400.000 $4.200.000 $400,000 $2,000,000 $1,000,000 $800.000 $4.200.000 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 Incis functional currency Which of the following rates would be used to translate the company's sales? Select one AUS$1 = CON$0.815 8. US$1 = CONSO,825 C. US$1 CONSO 8175 DUS$1$0.83 CDN