Harden Inc. is an American company that uses the USD as its functional currency. Harden is 100% owned by Harris SE, a firm that uses the EUR.

Harden issued 10 million shares of stock on 12/31/10 for USD 9 per share. Harden issued an additional 2 million shares on 12/31/19 for USD 25 per share.

During 2020, Harden paid dividends of USD 0.20 per share on the last day of each quarter.

Harden’s sales occur evenly throughout the year as do expenses. Harden recorded a gain on sale of equipment on 3/31/2020 of USD 600,000.

Harden’s income statement for 2020 (in USD 1,000):

Revenue 83,300

COGS                                     44,000

SG&A 27,500

Net gains 600

Net income 12,400

Harden’s balance sheet for 12/31/20 (in USD 1,000):

Cash                21,100                       Accounts payable        30,800

Inventory        64,800                       Provisions                    17,500

PP&E              146,100

Common stock           140,000

Assets                    232,000              Retained earnings 43,700

Exchange rates (all are given as the amount of USD that 1 EUR can buy):

12/31/10                     1.34

12/31/19                      1.12

3/31/20                       1.08

6/30/20                       1.12

9/30/20                        1.17

12/31/20                      1.22

2020 average               1.14

Note that the 2019 translated retained earnings was EUR 34,000,000.

Question:

Translate Harden’s 2020 balance sheet to EUR (rounding should be done to the nearest 1000 euro).