Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2020. Selected account balances are available for the year ended December 31, 2021, and are stated in Euro, the local currency. Sales 400,000 Inventory (bought on February 1, 2021) 20,000 Equipment (bought on January 1, 2020) 90,000 Dividends (paid on September 1, 2021) 20,000 Accumulated depreciationEquipment 12/31/21 45,000 Depreciation expenseEquipment, 2021 9,000 Relevant exchange rates for 1 Euro are given below: January 1, 2020 $0.91 January 1, 2021 0.93 February 1, 2021 0.94 September 1, 2021 0.97 December 31, 2021 1.01 4th quarter average, 2020 0.90 4th quarter average, 2021 0.98 Average, 2021 0.95 Assume the functional currency is the Euro; compute the U.S. balance sheet amount for inventory at December 31, 2021.