Foreign Currency Transaction Recognition for Revenue

ABC Corporation, a U.S.-based multinational company, conducts a transaction where it sells goods to a customer in Europe for €100,000. On the date of the transaction, the exchange rate is 1.10 USD/EUR. ABC Corporation's accounting policy requires all foreign currency transactions to be recorded in USD using the exchange rate at the date of the transaction. What amount will ABC Corporation recognize as revenue in its financial statements from this foreign currency transaction?