GlobalCorp, a US-based multinational corporation, operates in several countries, including Japan, Germany, and Brazil. The company uses the current rate method for translating the financial statements of its foreign subsidiaries into US dollars. In its most recent financial report, GlobalCorp's subsidiary in Japan reported revenues of ¥2 billion and expenses of ¥1.5 billion. The exchange rate at the end of the reporting period was 110 JPY/USD, and the average exchange rate during the reporting period was 105 JPY/USD.
What would be the amount recognized in US dollars for the revenues and expenses of the subsidiary in Japan using the current rate method for translation?