Elan, a U.S. corporation, completed the December 31, 20X8, foreign currency translation of its 70 percent owned Swiss subsidiary's trial balance using the current rate method. The translation resulted in a debit adjustment of $25,000. The subsidiary had reported net income of 800,000 Swiss francs for 20X8 and paid dividends of 50,000 Swiss francs on September 1, 20X8. The translation rates for the year were:

January 1, 20X8	$0.55 = 1 franc
September 1, 20X8	$0.59 = 1 franc
Average for 20X8	$0.57 = 1 franc

The January 1 balance of the Investment in the Swiss subsidiary account was $1,600,000. Elan acquired its interest in the Swiss subsidiary at book value with no differential or goodwill recorded at acquisition.

Elan's Investment in Swiss subsidiary account at December 31, 20X8, is:

A. 1,997,500

B. 2,051,200

C. 1,832,200

D. 1,860,400