Assume that the won is the subsidiary's functional currency. What balances does a consolidated balance sheet report

Question:

Assume that the won is the subsidiary's functional currency. What balances does a consolidated report as of December 31, 2017?
a. Marketable equity securities = $16,000 and Inventory = $16,000.
b. Marketable equity securities = $17,000 and Inventory = $17,000.
c. Marketable equity securities = $19,000 and Inventory = $16,000.
d. Marketable equity securities = $19,000 and Inventory = $19,000.
A Clarke subsidiary buys marketable equity securities and inventory on April 1, 2017, for 100,000 won each. It pays for both items on June 1, 2017, and they are still on hand at year-end. Inventory is carried at cost under the lower-of-cost-or-net realizable rule. Currency exchange rates for 1 won follow:
January 1, 2017 . . . . . . . . . . . . . . . . . . . . . . . . $0.15 = 1 won
April 1, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.16 = 1
June 1, 2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.17 = 1
December 31, 2017 . . . . . . . . . . . . . . . . . . . . . 0.19 = 1
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