McCarthy, Inc.'s Brazilian subsidiary borrowed 125,000 euros on January 1, 2020. Exchange rates between the Brazilian real (BRL) and euro () and between the U.S. dollar ($) and BRL are as follows: January 1, 2020 Average, 2020 December 31, 2020 BRL per US$ per BRL BRL 4.20 $ 0.28 BRL 4.30 $ 0.25 BRL 4.60 $ 0.20 At what amount should the Brazilian subsidiary's euro note payable be reported on McCarthy's December 31, 2020, consolidated balance sheet?