Bento Corporation (a U.S.-based company) acquired merchandise on account from a foreign supplier on November 1, 2023, for 100,000 crowns. It paid the foreign currency account payable on January 15, 2024. The following exchange rates are relevant:

a. How does the fluctuation in the U.S. dollar per crown exchange rate affect Bento’s 2023 income statement?b. How does the fluctuation in the U.S. dollar per crown exchange rate affect Bento’s 2024 income statement?

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Date November 1, 2023 December 31, 2023 January 15, 2024 U.S. Dollar per Crown $0.754 0.742 0.747