On January $1,20$X$1,$ Prime Company purchased all the outstanding stock of Spring Company, located in Canada, for $$137,700.$ On January $1,20$X$1,$ the direct exchange

rate for the Canadian dollar $($C$$)$ was C$$1=$ $$0\mathrm{.}81.$ Spring's book value on January $1,$

$20$X$1,$ was C$$96,000.$ On January $1,20$X$1,$ the book value of the Spring's identifiable assets and liabilities approximated their fair values except for property, plant, and equipment. The remaining useful life of Spring's property, plant and equipment at January $1,20$X$1,$ was $10$ years.

During $20$X$1,$ Spring earned C$$24,000$ in income and declared and paid C$$7,400$ in dividends. The dividends were declared and paid in Canadian dollars when the

exchange rate was C$$1=$ $$0\mathrm{.}75.$ On December $31,20$X$1,$ Prime continues to hold

the Canadian currency received from the dividend. On December $31,20$X$1,$ the

direct exchange rate is C$$1=$ $$0\mathrm{.}64.$ The average exchange rate during $20$X$1$ was

C$$1=$ $$0\mathrm{.}76.$ Management has determined that the Canadian dollar is Spring's

appropriate functional currency.

What amount should Prime record as income from subsidiary based on the Canadian subsidiary's reported net income for year $20$X$1?$

A$-$$$12,246.$

B$-$ $$15,360.$

C$-$ $$13,476.$

D$-$$$12,616.$