Monty corporation purchased 90% of the common stock of wildhorse compnay on January 1, 2018. teh cost of the investment was equal to the book value interest acquired. wildhorse company operates two retail stores and an exporting business in London that specializes in buying and selling british tweeds. the subsidiary provided the following financial statements in pounds to the parent company.

wildhorse compnay was incorporated on January 1 2016 at which time all the property, plant and equipment was purchased. the long term notes were issues to partially finnace the purchase of the fixed asssets.

Direct exchange rates for the british pounds are as follows

the january 1 2024 retained earnings balance of wildhorse in dollars was $1,467,706 and the cumulatiove translation adjustment was a debit blaalnce of $935,510. the beginning inventory of 443,000 pounds was acquired during the last quarter of 2023 and the ending inventory was acquired during the last 5 months of 2024. sales were made and purchased and other expensse were incurred evenly during the year. Translate the December 31, 2024 account blaances of wildhorse compnay into dollars assuming that the pound is the the functional currency of wildhorse company.