Nichols Company owns $90\%$ of the capital stock of a foreign subsidiary located in Ireland. As a result of translating the subsidiary's accounts, a debit of $$160,000$ was needed in the translation adjustments account so that the foreign subsidiary's debits and credits were equal in U$.$S$.$ dollars. How should Nichols report its translation adjustments on its consolidated financial statements?

A$.$ As a $$144,000$ increase in the stockholders' equity section of the balance sheet.

B$.$ As a $$144,000$ reduction in consolidated comprehensive net income.

C$.$ As a $$160,000$ debit in stockholders' equity section of the balance sheet.

D$.$ As a $$160,000$ reduction in consolidated comprehensive net income.