Use the following information for Problems 6 and 7 {The following information applies to the questions displayed below.) Certain balance sheet accounts of a foreign subsidiary of Orchid Company have been stated in U.S. dollars as follows: Accounts receivable, current Accounts receivable, long term Land Patents Stated at Current Historical Rates Rates $ 160,000 $ 180,000 114,000 124,000 57,000 59,000 86,000 91,000 $ 417,000 $ 454,000 This subsidiary's functional currency is a foreign currency. What total should Orchid's balance sheet include for the preceding items? Multiple Choice O $417,000 $422,000 0 $424,000 $434,000 This subsidiary's functional currency is the U.S. dollar. What total should Orchid's balance sheet include for the preceding items? Multiple Choice $424,000 $417,000 $434,000 : $422,000