Quadros Inc $\text { Relevant exchange rates for } 1 \text { Euro are given below: }$

Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2012. Selected account balances are available for the year ended December 31, 2013, and are stated in Euro, the local currency. $\begin{array}{lr}\text { Sales } & € 400,000 \\\text { Inventory (bought on February 1, 2013) } & 20,000 \\\text { Equipment (bought on January 1, 2012) } & 90,000 \\\text { Dividends (paid on September 1, 2013) } & 20,000 \\\text { Accumulated depreciation - Equipment 12/31/13 } & 45,000 \\\text { Depreciation expense - Equipment, 2013 } & 9,000\end{array}$

$\text { Relevant exchange rates for } 1 \text { Euro are given below: }$
$\begin{array}{lr}\text { January 1, 2012 } & \$ .91 \\\text { January 1, 2013 } & .93 \\\text { February 1, 2013 } & .94 \\\text { September 1, 2013 } & .97 \\\text { December 31, 2013 } & 1.01 \\\text { 4 th quarter average, 2012 } & .90 \\\text { 4 th quarter average, 2013 } & .98 \\\text { Average, 2013 } & .95\end{array}$ Assume the functional currency is the Euro; compute the U.S. balance sheet amount for equipment for 2013.

A) $81,900.
B) $90,900.
C) $83,700.
D) $88,200.
E) $85,500.