[The following information applies to the questions displayed below.] Navarro, Incorporated, whose reporting currency is the U.S. dollar, has a subsidlary 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 balance sheet report for this inventory on December 31,2023 ? $98,600 $100,300 $103,700 $102.000