Company ABC is a foreign subsidiary of a domestic company and Company ABC's functional currency is the Euro. On Company ABC's financials at the end of the year 2019, they reported 50,000 in inventory. If the spot rate on 1/1/19 was 1 - $1.15, the spot rate on 12/31/19 was 1 $1.06, and the weighted average rate for the full year 2019 was 1 - $1.10, how much is the translated balance of inventory in U.S. $ at year-end? a) $50,000 Ob) $57,500 Oc) $53,000 d) $55,000