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 U.S. dollar, compute the U.S. balance sheet amount for equipment for 2011.

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