Certain balance sheet accounts of a foreign subsidiary of Parker Company at December 31, 2021, have been restated into U.S. dollars as follows: Restated at Current Rates Historical Rates Cash $ 47,500 $ 45,000 Accounts receivable 95,000 90,000 Marketable securities, at fair value 76,000 72,000 Land 57,000 54,000 Equipment (net) 142,500 135,000 Total $ 418,000 $ 396,000 If the current rate used to restate these amounts is $0.95, what was the average historical rate used to arrive at the total amount for historical rates?

Multiple Choice

$0.9500.

$0.9474.

$0.9000.

$1.0556.

$1.0000.