Norton Co, a U For What Amount Should Sales Be Credited on December 1

Multiple Choice

Norton Co., a U.S. corporation, sold inventory on December 1, 2013, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: $$\begin{array} { | l | l | l | } \hline \text { Dec 1 } & \text { Spot rate: } & \$ 1.7241 \\\hline \text { Dec. 31 } & \text { Spot rate: } & \$ 1.8182 \\\hline \text { Jan. 30 } & \text { Spot rate: } & \$ 1.6666 \\\hline\end{array}$$ For what amount should Sales be credited on December 1?

A) $5,500.
B) $16,949.
C) $18,182.
D) $17,241.
E) $16,667.