Basil plc, the British subsidiary of a U.S. company reported cost of goods sold in Great Britain Pounds for the current year ended December 31. The beginning inventory was 16300, and the ending inventory was 14100. Purchases of 30600 were made evenly throughout the year. Spot rates for various dates are as follows: Date the beginning inventory was acquired 1 = $1.12 Rate at the start of the year 1 = $1.10 Average rate for the year 1 = $1.14 Date the ending inventory was acquired 1 = $1.18 Assume that the Great Britain Pound is the functional currency of the British subsidiary. Given the facts above, the amount of cost of goods sold, restated in US $, that should appear in the consolidated income statement is