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Certain balance sheet accounts of a foreign subsidiary of the Crater Co. had been stated in U.S. dollars as follows: Stated at Current Rates Historical

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

Stated at
Current RatesHistorical Rates
Accounts receivable−current$310,000$324,000
Accounts receivable−long term150,000167,000
Prepaid insurance90,00098,000
Goodwill115,000121,000
Totals$665,000$710,000

If the U.S. dollar is the functional currency of this subsidiary, what total amount should be included in Crater’s balance sheet in U.S. dollars?

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