This is a two-part question, I already have the first answer completed. Please answer the second question, thank you!

If the subsidiary's local currency is its functional currency, what total amount should be included in Horton's balance sheet in U.S. dollars? $152,000$164,250$154,000$154,750 2 points Use the same information in Question 5 but assume U.S. dollar is the functional currency of this subsidiary, what total amount should be included in Horton's balance sheet in U.S. dollars? $156,750$154,750$164,250$154,000