Company F is a foreign subsidiary of a domestic company and Company F's functional currency is the Euro. On Company F's financials at the end of the year 2015, they reported 150,000 in net income. If the spot rate on 1/1/15 was 1 = $1.10, the spot rate on 12/31/15 was 1 $1.20, and the weighted average rate for the full year 2015 was 1 = $1.12, how much will be added to translated retained earnings when the books are closed for the year?

Question 9 options:

$168,000

$180,000

$150,000

None of the above. Not enough information to answer the question.