Certain balance sheet accounts of a foreign subsidiary of Remmy 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		95,400				90,000
Marketable securities, at fair value		88,200				72,000
Land		57,000				52,000
Equipment (net)		142,500				135,300
Total	$	430,600			$	394,300

Assuming the functional currency of the subsidiary is the U.S. dollar, per GAAP, what total should be included in Remmy's consolidated balance sheet at December 31, 2021 for total assets?

a.

$430,600.

b.

$394,300.

c.

$403,500.

d.

$418,400.

e.

$406,200.

Clear my choice