I need the solution and the answer of this question. I am in a hurry, so quick response will be appreciated. Thank you!

On December 1, 2020, Canada Inc. purchased inventory from Schnitzel Inc., a German supplier. The inventory was purchased on account for $40,000 EUR (Euros) and payment was dye February 10, 2021. The exchange rate on December 1 was $1 EUR = $1.37 CAD. The inventory was still on hand at Canada Inc. at year end, December 31, 2020, and the account had not been paid. The exchange rate at December 31, 2020 was $1 EUR = $1.36 CAD. The account was paid on February 10, 2021 when the exchange rate was $1 EUR = $1.44 CAD. At what amounts should the accounts payable be reported, in Canadian dollars, on Canada Inc.'s Dec 31, 2020 financial statements? As a continuation of the previous question: At what amounts should the inventory be reported, in Canadian dollars, on Canada Inc.'s Dec 31, 2020 financial statements