Foreign$-$Currency$-$Denominated Import and Export Transactions

Fine Foods, Inc., a U$.$S$.$ wholesaler, buys merchandise from suppliers in Germany, and pays the suppliers in euros. It also sells merchandise to customers in Italy, and receives payment in euros. Fine Foods$$ accounting year ends June $30.$ Exchange rates are as follows:

Purchases of $1,000,000$ are made on March $1,2022.$ Fine Foods pays its German suppliers on August $15,2022,$ and sells the merchandise to its U$.$S$.$ customers on August $31,2022.$ Sales of $100,000$ are made on April $1,2022.$ Fine Foods receives payment from its Italian customers on July $15,2022.$

DateSpot rate $($$$/)$March $1,2022$$$1\mathrm{.}05$April $1,20221\mathrm{.}10$June $30,20221\mathrm{.}12$July $15,20221\mathrm{.}13$August $15,20221\mathrm{.}15$August $31,20221\mathrm{.}18$

Required

Calculate the following balances appearing on Fine Foods' financial statements.

a$.$ Accounts payable, on the June $30,2022,$ balance sheet

$Answer $1$

b$.$ Accounts receivable, on the June $30,2022,$ balance sheet

$Answer $2$

c$.$ Exchange gain or loss, on the fiscal $2022$ income statement

Accounts payable $Answer $3$Answer $4$gainloss

Accounts receivable $Answer $5$Answer $6$gainloss

d$.$ Exchange gain or loss, on the fiscal $2023$ income statement

Accounts payable $Answer $7$Answer $8$gainloss

Accounts receivable $Answer $9$Answer $10$gainloss

e$.$ Sales revenue, on the fiscal $2022$ income statement

$Answer $11$

f$.$ Cost of goods sold, on the fiscal $2023$ income statement

$Answer $12$