Company F is a foreign subsidiary of a domestic company and Company Fs functional currency is the Euro. On Company Fs financials at the end of the year 2014, they reported 150,000 in net income. If the spot rate on 1/1/14 was 1 = $1.10, the spot rate on 12/31/14 was 1 $1.20, and the weighted average rate for the full year 2014 was 1 = $1.12, how much will be added to translated retained earnings when the books are closed for the year?

Question 24 options:

A)	Not enough information to answer the question

B)

$150,000

C)

$180,000

D)

$168,000