Ambercrombie Co. a U.S. firm formed a German company in 2014 by purchasing the

Ambercrombie Co. a U.S. firm formed a German company in 2014 by purchasing the common stock of the newly formed Dolce Inc. The functional currency of Dolce
is the Euro. During their first three years Dolce experienced the following activitiy in retained earnings.

2014 Net Loss 100000 euros

2015 Net Income 200000 euros

January 1st 2016 Dividend of 50000 euros

2016 Net Income 75000 euros

December 31 2013 the euro rate is .20

December 31 2014 the euro rate is .22

Average for 2014 the euro rate is .215

January 1 2016 the euro rate is .245

Average for 2015 the eurp rate is .24

December 31 2016 the euro rate is .26

average 2016 is .25

What is the translated December 31 2016 balance of the retained earnings for Dolce