On January 1, Year 1, Canada Co, which operates with a functional currency of CAD, purchased 100% of the shares of Florida Co, which operates with a functional currency of USD. Canada Co needs to translate Florida Co's USD statements into CAD in order to consolidate them. Various exchange rates during Year 1 were as follows (e.g. \$1 USD = \$1.30 CAD): - Florida Co sold land for proceeds of $120,000 USD (original cost $100,000 USD) on February 1, Year 1. Required: When preparing the translated financial statements on December 31, Year 1, at what rate would you translate the below items