Certain balance sheet accounts of a foreign subsidiary of the Horton Co. had been stated in U.S. dollars as follows:

Current Historical

Rates Rates

Accounts receivable 105,000 115,500

Prepaid insurance 18,000 19,000

Goodwill 28,000 29,750

Totals 151,000 164,250

If the subsidiary's local currency is its functional currency, what total amount should be included in Horton's balance sheet in U.S. dollars?

Certain balance sheet accounts of a foreign subsidiary of the Horton Co. had been stated in U.S. dollars as follows:

Current Historical

Rates Rates

Accounts receivable 105,000 115,500

Prepaid insurance 18,000 19,000

Goodwill 28,000 29,750

Totals 151,000 164,250

If the subsidiary's local currency is its functional currency, what total amount should be included in Horton's balance sheet in U.S. dollars?

$164,250

$153,750

$151,000

$154,000