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US Company owns $80\%$ of Korea Company that is located In Seoul, South Korea. Korea acquired equipment on $\frac{1}{1}\frac{?}{?}1$ for $100,000$ won when the $x$ rate was $$20.$ The equipment has a $10$ year life and is beling depreclated using the straight$-$line method. On $\frac{1}{1}\frac{?}{x4},$ the $x$ rate was $$220,$ the average rate for the year was $$2\mathrm{.}30,$ and the $\frac{12}{31}\frac{?}{x}$ exchange rate was $$2\mathrm{.}50.$ Assuming that Korea Company's functional currency is the US dollar, at what amount should the equipment be reported on a $\frac{12}{31}\frac{?}{?}4$ balance sheet? Show your calculations.