Required information [The following information applies to the questions displayed below] A Katz Corporation subsidiary buys marketable equity securities and inventory on April 1, 2024, for 100,000 won each. It pays for both items on June 1, 2024, and they are still on hand at year-end. Inventory is carried at cost under the lower-of-cost-or-net realizable rule. Currency exchange rates in 2024 follow: ssume that the won is the subsidiary's functional currency. What balances does a consolidated balance sheet report as of ecember 31,2024? Marketable equity securities =$35,000 and Inventory =$35,000 Marketable equity securities =$34,000 and Inventory =$34,000 Marketable equity securities =$37,000 and Inventory =$37,000 Marketable equity securities =$37,000 and Inventory =$34,000 Required information [The following information applies to the questions displayed below] A Katz Corporation subsidiary buys marketable equity securities and inventory on April 1, 2024, for 100,000 won each. It pays for both items on June 1, 2024, and they are still on hand at year-end. Inventory is carried at cost under the lower-of-cost-or-net realizable rule. Currency exchange rates in 2024 follow: ssume that the won is the subsidiary's functional currency. What balances does a consolidated balance sheet report as of ecember 31,2024? Marketable equity securities =$35,000 and Inventory =$35,000 Marketable equity securities =$34,000 and Inventory =$34,000 Marketable equity securities =$37,000 and Inventory =$37,000 Marketable equity securities =$37,000 and Inventory =$34,000