All of the following statements are stated in Brazil reals (R$). Bralta Ltd. Statement of Financial Position June 30, 20X5 Cash 60,000 Current liabilities 500,000 Accounts receivable 740,000 Bonds payable 2,000,000 Inventories 300,000 2,500,000 Machinery (net) 850,000 Common shares 1,000,000 Land and building (net) 1,800,000 Retained earnings 250,000 3,750,000 3,750,000 Additional information: Selected exchange rates: June 30, 20X4 R$1 = $0.5906 June 30, 20X5 R$1 = $0.5623 Average for 20X5 R$1 = $0.5744 Date of purchase of inventory on hand at year-end R$1 = $.05688 Dividends were declared on June 30, 20X5 Opening inventory = R$130,000 Inventory purchases for the year = R$1,570,000 Machinery, land, and buildings were purchased on June 30, 20X4 Bralta is the Brazilian subsidiary of Altapro Co., a Canadian company. Under the current-rate method, what is the balance of the total assets?

A. $2,108,625

B. $2,183,620

C. $2,154,000

D. $2,161,688