On September $1,20$Xt$,$ Cano On September $1,20$Xt$,$ Cano

On September $1,200$x$,$ Cano & Company, a U$.$S$.$ corporation, sold merchandse to a foreign firm for $250,000$ euros. Terms of the sale on December $31,20$Xt$,$ the spot rate was $$1\mathrm{.}28,$ but the rate increased to $$133$ by February $1,20$X$2,$ when payment was recerved.

Bequired:

What foreign currency transaction gain or loss should be recorded in $20$X$17?$

What forelgn corrency transaction gain or loss should be recorded in $20$X$2?$

$\backslash$table$[[,$Ament,$],[1.$ Foreps corrency tranaktion gain $($foss$)-20$x$1,,],[2.$ Foregn sumercy warsaction yain forsi$)-200?,,]]$