Required information [The following information applies to the questions displayed below] Navarro, Incorporated, whose reporting currency is the U.S. dollar, has a subsidiary in Argentina, whose functional currency also is the U.S. dollar. The subsidiary acquires inventory on credit on November 1,2023, for 170,000 pesos that is sold on January 17,2024 , for 200,000 pesos. The subsidiary pays for the inventory on January 31, 2024. Currency exchange rates are as follows: What amount does Navarro's consolidated income statement report for cost of goods sold for the year ending December 31,2024? $98,600 $100,300 $102,000 $103,700