Wolverine Co. owns a subsidiary in Canada. The subsidiary's balance sheets are in Canadian Dollar for the last two years are as follows (in thousands):

	December 31, 2009	December 31, 2010
Assets
Cash and Cash Equivalents	$25,000	$20,000
Receivables	112,500	137,500
Inventory	170,000	180,000
Property, Plant & Equipment	250,000	225,000
TOTAL	$557,500	$562,500
Liability & Equity
Accounts Payable	$65,000	$85,000
Long term debt	312,500	275,000
Common stock	125,000	125,000
Retained earnings	55,000	77,500
TOTAL	557,500	562,500

Wolverine formed the subsidiary on January 1, 2009 when the exchange rate was CND40 = PHP1. The exchange rate for 1PHP on December 31, 2009 increased to CND 45 and to CND 35 on December 31, 2010. Income earned evenly over the year and the subsidiary declared no dividends its first 2 years of existence.

How much is the cummulative translation adjustment for 2010? (Round of to 3 decimal places)

A. PHP 1,350,000

B. PHP 1,912,500

C. PHP 975,000

D. PHP 865,000