Darron Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.s. cor Darron's functional currency was the stickle (S). The following transactions and events occurred during 2011: poration Jan I June 30 Dec. 31 Darron issued common stock for $1.000,000 Darron paid dividends of 820,000 Darron reported net income of $80,000 for the year Exchange rates for 2011 were Jan 1 June 30 Dec. 31 Weighted average rate for the year si 848 $1 846 si 842 S1 844 What exchange rate should have been used in translating Darron's revenues and expenses for 2011