Restated at Current Rates Historical Rates Cash $47.500 $ 45,000 Accounts receivable 95,000 90,000 Marketable secunties, at fair value 76,000 72,000 Land 57,000 54,000 Equipment (net) 142,500 135,000 Total $418,000 $396,000 Using the data above, if a companies functional currency was their local currency, what would be reported for current assets on the Balance Sheet? a $218,500 b. $396,000 c. $142,500 d. $418,000