The British subsidiary of a U$.$S$.$ company reported cost of goods sold of $75,000$ pounds $($sterling$)$ for the current year ended December $31.$ The beginning inventory

was $10,000$ pounds, and the ending inventory was $15,000$ pounds. Spot rates for various dates are as follows:

Date beginning inventory was acquired $$1\mathrm{.}60=1$ pound

Rate at beginning of the year $$1\mathrm{.}58=1$ pound

Weighted average rate for the year

$$1\mathrm{.}50=1$ pound

Date ending inventory was acquired

$ $1\mathrm{.}45=1$ pound

Assuming the pound is the functional currency of the British subsidiary, the translated amount of cost of goods sold that should appear in the consolidated income

statement is:

$$108,750.$

$$112,500.$

$$114,300.$

$$125,700.5.$ The Dutch subsidiary of a U$.$S$.$ company reported cost of goods sold of $75,000$ Euro for the current year ended December $31.$ The beginning inventory was $10,000$ Euro, and the ending inventory was $15,000$ Euro. Spot rates for various dates are as follows: Date beginning inventory was acquired $ $1\mathrm{.}60=1$ Rate at beginning of the year $ $1\mathrm{.}58=1$ Weighted average rate for the year $ $1\mathrm{.}50=1$ Date ending inventory was acquired $ $1\mathrm{.}45=1$ Assuming the Euro is the functional currency of the Dutch subsidiary, calculate the translated amount of cost of goods sold that should appear in the consolidated income statement: $(5$ points$)$