[The following information applies to the questions displayed below.] A Clarke Corporation subsidiary buys marketable equity securities and inventory on April 1,2020 , for 100,000 won each. It pays for both items on June 1, 2020, and they are still on hand at year-end. Inventory is carried at cost under the lower-ofcost-or-net realizable rule. Currency exchange rates in 2020 follow: ssume that the U.S. dollar is the subsidiary's functional currency. What balances does a consolidated balance sheet report as of December 31 , 2020? Multiple Choice Marketable equity securities =$64,000 and Inventory =$61,000. Marketable equity securities =$62,000 and Inventory =$62,000. Marketable equity securities =$61,000 and Inventory =$61,000. Marketable equity securities =$64,000 and Inventory =$64,000