Quadros Inc

Quadros Inc., a Portuguese firm was acquired by a U.S. company on January 1, 2010. Selected account balances are available for the year ended December 31, 2011, and are stated in euro, the local currency.

Relevant exchange rates for 1 euro are given below:

Assume the functional currency is the euro, compute the U.S. income statement amount for sales for 2011.

A) $364,000.
B) $372,000.
C) $380,000.
D) $360,000.
E) $404,000.