Help Save & Exit 10 Check Exercise 15-17A Computing foreign exch gains and losses on receivables LO C3 On May 8, 2017, Jett Compan Lopez to pay 960,000 y(a US. company) made a credit sale to Lopez (a Mexican company). The terms of the sale required pesos on February 10, 2018. Jett prepares quarterly financial statements on March 31, June 30, September 30 31. The exchange rates for pesos during the time the receivable is outstanding follow May 8, 2017 June 3e, 2017 September 3e, 2017 December 31, 2017 February 18, 2018 $8.1837 e.1846 8.1857 0.1840 0.1879 Compute the foreign exchange gain or loss that Jett should report on each of its quarterly income statements for the last three quarters of 2017 and the first quarter of 2018 June 30, 2017 September 30. 2017 Gain December 31, 2017 March 31, 2018