Certain balance sheet accounts in a foreign subsidiary of Monument Company on December $31,20$X$1,$ have been

restated in U$.$S$.$ dollars as follows:

$)$

Current Rates

Accounts Receivable, Current

Accounts Receivable, Long$-$Term

Prepaid Insurance

Patents

Total

Historical Rates

Assume the U$.$S$.$ dollar is the functional currency. What total should be included in Monument's balance sheet for

December $31,20$X$1,$ for these items?

$$172,000.$

$$168,000.$

$$160,000$

$$188,000.$