Para Corp. purchased a controlling interest in Aurora Inc. on December 31, zoxs. Net identifiable assets were equal to their book values on this date. Aurora operates in Italy, where the currency is the euro. In preparation for the consolidation process, the financial statements of Aurora need to be translated into Canadian dollars, and the appropriate translation gain or loss calculated. Below are Aurora's financial statements for the year ended December 31, 20X62 Aurora Inc. Additional information: - Inventory purchases were made evenly throughout the year. - Endingfbeginning inventories are purchased evenly throughout the last quarter of each year. - Depreciation of 143,000 is included in selling, general, and administrative expenses. - Equipment was purchased on December 31, 20X6, using 300,000 cash. - Dividends declared and paid (December 15) totalled 179,250. 4. Assuming that Aurora's functional currency is the Canadian dollar, what is the translated cost of goods sold amount? a) $3,309,750 b) $3,366,000 c) $3,373,250 d) $3,377,750