Gale Co. was formed on January 1, 2021 as a wholly owned foreign subsidiary of a U. S. corp. Gale's functional currency was the stickle the following transactions and events occurred during 2021:. Jan 1 - Gale issued common stock for 2,000,000 stickle June 30 - gale paid dividends for 50,000 stickle Dec 31 - Gale reported NI of 120,000 for the year Exchange rates for 2021 were: Jan 1- $1 = 0.50 stickles June 30 $1 = 0.47 Stickles Dec 31 $1 -0.44 stickles WA for year $1 = .046 stickles What exchange rate should have been used in translating Gle's revenue and expenses for 2021? a. $1 = 0.50 stickles b. $1 = .046 stickles C. $1 = 0.47 Stickles d. $1 = 0.44 stickles e. $1 = .048 stickles