EXERCISE $12-6$ Transaction Gain or Loss L$04$

Agentel Corporation is a U$.$S$.-$based importing$-$exporting company. The company entered into the following transactions during the month of November.

Nov. $6$ Purchased merchandise from AGT, a Swiss firm, for $600,000$ francs.

$5$ Sold merchandise to SLS$,$ Inc., a firm located in Rio De Janeiro, for $$200,000.$

$18$ Sold merchandise to TNT$,$ Ltd$.,$ a British firm, for $130,000$ pounds.

$20$ Purchased merchandise from SDS$,$ Ltd$.,$ a British firm, for $$160,000.$

All the transactions were unsettled at December $31,$ Agentel's fiscal year$-$end. Spot rates are as follows:

$\backslash$table$[[$Date$,$Franc,Real,Pound$],[,$$$\mathrm{.}490,$$$\mathrm{.}412,$$$1\mathrm{.}520$