You are given the following information about Axle Inc, a subsidiary that was acquired by its parent on January $1$ of the current year.

$\backslash$table$[[,$Dr $($Cr$)],[$January $1,$December $31],[$Plant & equipment, net,$30,000,39,000],[$Depreciation expense,dots,$1,000]]$

Equipment was purchased for $10,000$ when the exchange rate was $$1\mathrm{.}23.$ Depreciation for the year includes $200$ related to the equipment purchased during the year. Exchange rates for the year are:

Beginning of year Average for year

End of year

If the subsidiary's functional currency is the euro, what is the translated plant & equipment, net balance at year$-$end?

$$48,456$

$$47,580$

$$46\mathrm{.}800$